fha: Happy Holidays HUD! Here's another house for you
- 12/10/09 05:12 AM
Nearly ninety days ago, my solid-gold pre-approved first-time buyer started shopping for a home. They chose a property that was being promoted as a potential short sale. I did my research, and found three liens on the property -- one primary and two small subordinates. However, the first and "third" were both FHA, both from the same lender -- and shame on me for assuming we were negotiating as a package. They submitted an offer. Seller hired a short-sale specialist attorney. We were told to give it 10-12 weeks. No problem. The first surprise came when negotiations between the primary (FHA … (1 comments)
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