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Updated over 3 years ago on . Most recent reply

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34
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DeAnthony Edwards
14
Votes |
34
Posts

FHA and VA under contract

DeAnthony Edwards
Posted

Well, I dont know what to say to short it out, but I now have a property under contract with a FHA loan and a forgotten property now under contract with a VA loan, due someone else unable to close. Is this legal?? Can anyone tell me if they both will come up as double dipping?? (I didn't provide much of a back story, but the pressing issue is there) Thank you for your help.

  • DeAnthony Edwards
  • Most Popular Reply

    User Stats

    5,028
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    Curt Davis
    • Flipper/Rehabber
    • Memphis, TN
    2,573
    Votes |
    5,028
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    Curt Davis
    • Flipper/Rehabber
    • Memphis, TN
    Replied
    You are required to live in the homes. You might as well come clean to the lenders. 
    • Curt Davis

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