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The condos that are getting moved in todays market

By
Real Estate Agent with Roudebush Realty,Inc.

This is a very hard and upsetting situation. I have a customer who has listed her condo with me. Wonderful, we get an offer only to learn that the building is NOT qualified for FHA lending because units are rented instead of owner occupied. SO the buyer is turned down on the financing. Last week  another condo came on the market 2 floors up from my listing, the exact same unit,my unit is updated and the other is not and the condo is qualified for a Home Retention Mortgage, which means that a FHA buyer could buy that condo and my listing does not. This is the same building and now my customer is out of market. How sad is this . Where is our government? The old rules still apply, when the government gets involved the government is first. It stinks.