I have a situation where my offer on a property has been accepted, and my intention is to move into the property within 60 days to satisfy the FHA loan requirements. It is a duplex with both units currently rented. I just found out that the owner didn't have lease agreements in place, and once my offer was accepted they immediately put the tenants under new leases through next year. What are my options here? I offered cash for keys, but haven't heard anything back yet.
Hmm, sellers agent should have known that you were moving in after the sale, considering you are using an FHA loan. I'd do what I could to have the seller solve this problem, they're the ones that caused it. The seller should be offering cash for keys, not you.
Wow. If the seller is behaving that way what else are they being unethical about? I'd consider finding a different property, the seller is sabotaging you.