Homesteps property not accepting FHA loans????

[Michael S.]

I just saw a Homesteps property I would like to purchase and was surprissed by the listing agent informing me that the seller, Freddie Mack, will only entertain cash and conventional loans. I was hoping to buy via a a 203k and owner occupy. Do you think I am being jerked around so that the 15 day period could end and then the listing agent can get an investor in? What recourse do I have if any?

[J Scott]

Did you ask WHY you can't use FHA financing for this particular property? Perhaps it's in very bad shape, and the seller doesn't want to allow 203k financing. I can't figure out any other reason, but it's worth asking...