homes with well water: FHA Guidelines are making it hard to keep deals together - 03/31/11 01:23 AM
There have been a lot of changes in the FHA guidelines, and I just came across another one.  Recently a listing of mine went under deposit, with the buyer going FHA.
Everything was going smoothly... maybe that should have been a signal right there.  The appraisal was done, and the good news is that the property appraised.  That didn't surprise me I knew it would.  What did surprise me is that in order for the loan to go through, the property which has well water, needs to be connected to the city water on the street.
The buyer does NOT want … (157 comments)