During a perfectly amicable relationship between buyer and seller of a modest yet safe warm mechanically sound home, the fha requirements for 2 sections of hand rail and re inspections have put closing back, also the new protocol for appraisal by the fha is that the home you are selling is based on the price of the homes sold in a ONE MILE radius of yours within the last few months. Lowering the price by 25, 000$ My prediction is that the gov't is lowering values at such a giant pace and will give these loans, only to call them in in a few years with some new great deal about how you can keep your house if you...
Thereby allowing the us government to own OWN all fha backed homes in a very scarey sense. We are doomed if we do not go back to private deals with owners holding mortgages for their sellers. Take heed.