FHA 90-180 Days Rule
Hi Guys - I would appreciate the help in this regard :
My newly rehabbed house is in pending status and the FHA approval is in progress. Today I got an email from the lender that if the house is being sold more than the 100% value of previous resale then :
I have to provide them the documented proof like CD, rehabbed cost etc. Along with that they are asking for a second appraiser.
My question is : is this a normal course of action from the lender. Should I be worried about this ?
Thanks