All Forum Posts by: Chris Pesola

J Scott

Thanks for attaching this information for me! It's great to be apart of a sight where it's members truely care about your success and provide you a wealth of information. BiggerPockets RULES!!!

Will, thanks for the response! I will include everything you mentioned in my letter and have receipts ready to go(just in case). Thanks again!

Hello Biggerpockets members. FHA underwriter is requesting a second appraisal(which I figured) and asking for a "written LOX for the purpose of the quick property turnover". Has anyone gone through a similiar situation? What should I include in my letter to get this stipulation approved by the underwriter? Bought property in April 2011, did a substantial rehab, and now the finish line :D Thanks!

My offer was excepted on a HUD purchase a few days ago. I had the inspection done yesterday which revealed a new roof had to be put on.. With the snow cover and freeze we just had I couldn't tell how many layers it had. Turns out three layers are on which will not fly! I did buget some but not all for a new roof. With three layers it will be labor extensive and more costly. I was thinking about resubmitting a bid a couple thousand lower then my original. Has anyone gone through this process with HUD or should I take my losses and move forward? Thanks