FHA MORTGAGE PROBLEMS?
I was supposed to close on a house this week. Only One week ago my loan officer informed me that my student loans, he knew were in forbearance until Feb 2011 were in issue. FHA rules they claim loans must be in forbearance one full year. So if I close in June then my loans must be in Forbearance to June 2011. Is there any policy exemption FHA could give me anyone knows of? I have already put a $ 1000 deposit, and paid $ 415 for an apprasial and $ 100 for a roof inspection. If I lose this house do I have any recourse against the bank as the loan officer has been negligent thoughout this whole process ignoring emails from my realtors and other agents. They dropped this bomb on me one week before closing.