I showed a listing to a client yesterday in Yucaipa, California. On the listing it said the property could be funded with any type of financing, and specifically specified that FHA financing would be fine.
As any real estate agent that has processed a FHA sale in the last few years knows, there are certain inspection guidelines that will be followed if the buyer wants to finance the home purchase with a FHA loan.
I won't divulge the address or the agent's name because I don't believe in slanderous behavior, but clearly this house would not pass even an easy FHA inspection. The entire interior of the home was painted. Really. The walls, fixtures, door handles, plugins, switches, pipes.... EVERYTHING!
The house was built in the sixties, and the front of the drive-thru garage was converted into a room, but they only used press-board to do it! I haven't checked, but I'm pretty sure its not permitted!
They ran 220v into the laundry area from the ceiling, but simply draped the wire and plug on an open hook.... and then painted it!
They ran a sprinkler system control wire from the backyard, over the roof, and through a drain gutter to the sprinkler system in the front yard... and then painted it! OK, so they didn't paint it, but now they're not being consistent! Lol!
Its safe to say we won't be making an offer on this Yucaipa home...