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Irfan Saeed
Pro Member
  • Bedford, TX
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40
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FHA 90-180 Days Rule

Irfan Saeed
Pro Member
  • Bedford, TX
Posted Jan 18 2017, 09:05

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

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