FHA – Escrow Repair: Can the sales price be increased when there is a required repair for which the seller and buyer do not have the funds to complete?

Answer: FHA will allow the increase to the sales price for the repair escrow and FHA specifically allows repair escrows in this type of situation (see guideline below). However, I must warn you that many underwriters, and the investors they work for, believe that sales price increases after an appraisal has been completed are not […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

NOTE: If you are a current subscriber and logged in, you may need to refresh your browser. Click on the circle next to the website name in your browser and this should clear the issue for you. If not, please contact us at info@mortgagecurrentcy.com for further assistance.

2017-12-28T12:45:37+00:00December 28th, 2017|FHA|