Profile picture for lowa83

I'm having trouble buying a foreclosed home in NC with an FHA loan. Can anyone empathize?

  • June 15 2011 - Charlotte
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Answers (4)

Profile picture for FinallyBuying
What issue are you exeriencing eaxctly....we are in the process now; however, we are in a snag with the lender dragging his feet to get us our approval letter!
  • June 15 2011
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If the home is badly damaged...a regular FHA loan will not due...FHA will not insure the loan if that is the case....tell your lender if you can do an FHA 203k fixup loan...that might work better for you..it is going to take a little longer to process..
  • June 15 2011
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May I assume you are referring to getting a bank to accept your FHA offer on the REO since you did not mention a specific loan issue?  If so, the problem is pretty universal...cash buyers are running rampant here also.
  • June 15 2011
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Profile picture for Sharon Lewis
What does your lender suggest?
  • June 15 2011
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