Buy a home that is a flip.?
I have a contract on a house, flip and was purchased on the market less than 90 days after the MLS. I get a loan from Fannie Mae. My mortgage company told me that it takes 90 days before I went home that are under contract, having already gave me a letter .. Who’s in charge here? The seller is a realtor. Did he disclose that the property may have more than 90 days, on certain mortgages in the region? The mortgage company made a mistake by making a commitment and that after the letter, he was a flip? In the meantime, rising mortgage rates, the willingness of the seller, trying to keep my deposit. He did not believe in the end, but the mortgage company now wants the procedure to apply for a loan from the beginning and invite me to a different start. My broker said he was unaware of the directive Flip waiting 90 days and do not know what type of mortgage financing my business to give me. Loss Connecticut.Der seller told me that the house was presented and real estate agents for the buyer knew me. They all say they were unaware of the new FHA guideline to wait 90 days before a mirror objects can be treated. In the meantime, the sales contract had “the time is a being” in it. The mortgage company I think is to blame for giving me a commitment letter before it was noticed the entrusted property, a title and after evaluation and contract. I do not think they paid attention to detail. I could out of business immediately, if I had known.