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Updated about 8 years ago,

User Stats

40
Posts
6
Votes
Irfan Saeed
  • Bedford, TX
6
Votes |
40
Posts

FHA 90-180 Days Rule

Irfan Saeed
  • Bedford, TX
Posted

Hi Guys - I would appreciate the help in this regard :

My newly rehabbed house is in pending status and the FHA approval is in progress. Today I got an email from the lender that if the house is being sold more than the 100% value of previous resale then :

I have to provide them the documented proof like CD, rehabbed cost etc. Along with that they are asking for a second appraiser.

My question is : is this a normal course of action from the lender. Should I be worried about this ?

Thanks

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