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Updated over 14 years ago,

User Stats

65
Posts
15
Votes
Dustin Gott
  • Involved In Real Estate
  • St. Paul, MN
15
Votes |
65
Posts

FHA requirements/ house not closing

Dustin Gott
  • Involved In Real Estate
  • St. Paul, MN
Posted

I have a property that was supposed to close on July 30th. The lender/underwriter keep coming up with last minute things they need and have delayed closing twice. They have had this in escrow for almost 6 weeks now. Today they came back and asked for our HUD from when I purchased it. I gave them it and now they are saying the cant fund it because we are selling for more than a 20% profit. Why are they telling us this after 6 weeks of having the file???? At what point do I keep the earnest money and give up? What would some of you do? Thanks

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