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[email protected] - October 24th, 2004 1:53 PM

The purchase agreement is complete except for the closing date. Buyer wants 2 weeks from today because his FHA loan commitment expires. I feel this is too short of a time. I would like a month. Also, I need to cap my well per the FHA inspection and I probably won't be able to do this within the 2-week period. The rest of the purchase agreement is working out well, the buyers are accommodating. What should I do?

kingston - November 27th, 2004 9:02 PM

The bank will most likely accept less than owed or less than appraised value the equity in the home will help with financing. Even if there is no equity there are many loan programs that provide a 100% financing
Feel free to contact me via email at [email protected] and I can get you additional information about these loans

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