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Updated almost 14 years ago on . Most recent reply

Michael S.'s profile image
Michael S.'s profile image
Michael S.
  • Real Estate Investor
  • from Paramus, New Jersey
  • Member since Aug 3, 2008
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User Stats

64
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4
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Michael S.'s profile image
Michael S.'s profile image
Michael S.
  • Real Estate Investor
  • from Paramus, New Jersey
  • Member since Aug 3, 2008
Connect
Michael S.
  • Real Estate Investor
  • Paramus, NJ
4
Votes |
64
Posts
Foreclosures

Homesteps property not accepting FHA loans????

Michael S.
  • Real Estate Investor
  • Paramus, NJ
Posted

I just saw a Homesteps property I would like to purchase and was surprissed by the listing agent informing me that the seller, Freddie Mack, will only entertain cash and conventional loans. I was hoping to buy via a a 203k and owner occupy. Do you think I am being jerked around so that the 15 day period could end and then the listing agent can get an investor in? What recourse do I have if any?

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