I Love Bama Alabama Fan Alabama Member since Nov 2007 31318 posts
Urgent Help Needed - FHA / HUD Loan Problem (Posted on 2/14/13 at 11:27 pm)
If you guys don't know the answer but know someone that does, please forward this thread to them.
My brother has a contract on a HUD home. It has $1,200 in escrow repairs that has to be done on the home. He has paid over $1,200 in extension fees because he can't find a contractor who will do the job/paperwork for such a small amount of money.
What are his options? I told him just to pay to have it fixed and then close the loan but the Realtor told him he can't touch the property till he owns it.