|Robyn Seymour - Short Sales Specialist|
Thursday, February 23, 2012
FHA Loans: A Warning And Reminder On Short Sale Purchases
Next, the FHA will not insure a loan unless any items or systems identified by them are repaired. Of course, the RPA specifically says that the seller doesn’t have to pay for those repairs. However, if they are not made, then the buyer has a right to get out of the deal. Further, unlike normal repairs, the buyer cannot waive them. The FHA will not insure the loan unless the identified items are fixed.