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Originally Posted by TraceyMooreRN
Villa closes this Tuesday, and I will scrape up another 15k...from where I am not sure--maybe a "gift". Just stinks all the way around. I am just a number in the pool of buyers. They certainly don't need "my" purchase.
However- if the Realtor had been forthcoming when writing the contract- or even a freaking checklist- Like "we can't use FHA to close new construction"--then I would NOT have sold my villa and would not be scraping up more $$$ that I was expecting.
I will do my best--if you see a lady on the corner near a sales center with a sign reading "BEWARE TV WON'T ALLOW YOU TO CLOSE VA/FHA ON NEW CONSTRUCTION" Just beep your horn--cause it is ME!!! Feel free to drop a few pennies n the bucket too...lol
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At least you are giving those that follows a warning. Remember the Realtor represents the person who pays him, not the other party. If you paid the Realtor to find the home and told him your source of financing I would ask him to resolve the problem and certainly would not pay him if he did not perform. If the Realtor was selling the property to you I think you are out of luck. You needed to hire your own representative or represent yourself. I have seen purchase contracts in other communities that say no VA and FHA financing but in those communities they required that mortgages could not exceed 80% of the purchase price and thus they could not use VA or FHA.