FHA asking from my buyer for a second appraisal. Is that true?

[Doron Rice]

Hi all,

I am in contract to sell a property I rehabed. The closing was suppose to be today, December 22nd and at the last minute the buyer's loan officer told us that because it is a flip and because the buyer is using an FHA loan, FHA requires a second appraisal. Me and my agent never heard of such a thing. Did anyone had experiance with such a case?

Thanks!

[Melvin List]

@Doron Rice yes if the property was purchased 91-180 ago.  The LO should have known this from day 1