Talk of The Villages Florida - View Single Post - New Homes can't close FHA
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Old 03-03-2013, 03:05 PM
Cantwaittoarrive Cantwaittoarrive is offline
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Quote:
Originally Posted by rjm1cc View Post
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.
You don't have the option of "hiring" a realtor of your own when buying a new house from TV