Title company mistake

[Ronnie Sparrow]

I recently closed on deal on a house which I used used private money. The purchase price was $65,000 and rehab costs were $6,000. Total loan amount was $71,000. The title company used part of the $6,000 for closing costs and other fees so I ended up with $3,700 back to me at closing. One month later when I go to refi to a Fannie Mae loan I am told by the underwriters that the the title company broke Fannie Mae guidelines by giving me cash back at closing. Now I cannot refi into a Fannie Mae loan. I have done four times in the past and now I cannot because the title company screwed up. All they need to do is change the verbage to say "rehab allowance " on line 303 of the HUD and they won't do it.

Any suggestions?