Keep your repair receipts to justify mark up on home.read this...Seller Seasoning:Seasoning <90> 90 days but < 12 months, a second appraisal may be required if the re-sale price is 5% or greater than the lowest sales price of the property within the past 12 months.Property flipping is a practice where recently acquired property is re-sold for a considerable profit with an artificially inflated value, and is ineligible for FHAAlso attatched is guidelines for FHA loans Hope this helps

The two houses are not touching or anything, and it's pretty common in the area to have carriage house apartments, so addresses that aren't actually on the street is also common (the second house does have its own house number, it isn't a 1/2 or anything.)Can anyone think of any reasons that the current owners might NOT have wanted or been able to split this property in two and sell the houses individually?

The second option is a loan modification, where the borrower and the lender agree to new loan terms that are acceptable to both, perhaps with a lower interest rate but larger balance.

I am scheduled to close in about a week on a short sale with bank approval on both the first and second. ( both are through the same bank) But now I am being told that the mortgage insurance company for the 2nd loan is saying that they never approved this.

A prospective Lease-to Purchase was lined up to occupy the home and cover the mortgage payments in many variations of this scheme a portion of the kick back money was supposed to "protect the Investor" some of the bolder operators actually marketed this a a second chance opportunity for the cash rich and credit poor (People with income that was "difficult" to document) The rapidly appreciating markets allowed for substantial "equity spreads" the source of the "kick back money." i.e the FMV is 100K the seller has 45K into the property and would be happy with netting 18K profit, the change goes to paying all the closing costs and a gratuity to the buyer.

Last house I went into was getting foreclosed for at least the second time in a year.

Second, is excuses for lack of money.

If they won't lower our rate we could get a second credit card and use it. 3) Try to get some extra work pronto.

There are reciprocal agreements with other states which allow a licensed individual from a qualified state to take the second state's exam without completing the course requirements.

Next to supply and demand, I believe that lender scrutiny of appraised values is now the second largest consideration in what is driving values down in many areas.