Question for Flippers selling to FHA buyers

[Corey Owen]

We just sold a house to an FHA buyer and a lot of things came up in the closing process that I was unprepared for and I wanted to see if I just got hosed because of lack of knowledge on my part or if what I went through was standard.

1. We had to have 2 appraisals done on because we had owned the property less than 6 months. Also we were told that we had to pay for the second one as FHA does not allow the buyer to pay for both.

2.  We had to bring the porch and deck up to code as far as the spacing on the posts is concerned even though the house was 23 years old. I would have thought this was grandfathered in, along with some siding and other exterior painting we had to do.

3.  If the original closing date passes due to the buyer's lender not completing paperwork on time, could we technically cancel the contract and keep the earnest money because they didn't close one time.

Thanks in advance for the info!