no fha financing allowed: NO FHA FINANCING ALLOWED ON PURCHASE CONTRACTS - Thoughts?
- 03/25/13 01:41 AM
I have a borrower who was interested in a home here in Denver, CO. He instructed his buyer's agent to put in an offer, and the agent called the seller's agent to discuss. As soon as the seller's agent found out that the buyer had FHA financing, she immedietely said the offer would be turned down. Her reasoning has been what I have heard for years. There was a buyer in place, and they wasted the seller's time, because the loan did not go through. When the buyer's agent ran comps on the property, the asking price, which was non-negotiable, seemed (0 comments)