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Discussions tagged with 'FHA Case Number'
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I entered into a home purchase contract couple of weeks ago and got a conditional mortgage loan approval from my lender? Gustan Cho Associates. The appraisal was supposed to be ordered over a week but Angie Torres of Gustan Cho Associates said she cannot order the appraisal because I had a different house under contract with an FHA loan that fell through. From what I was told, the FHA CASE NUMBER that was assigned by HUD, the parent of HUD is still not released on the house and myself. In order for my lender to be able to order the appraisal for the house I have under contract, HUD needs to release the previous FHA CASE NUMBER
The main reason why HUD does this on FHA loans is so people don’t get more than one FHA loan. Now the sellers side is all nervous about why the appraisal has not been ordered and I don’t blame them
Can you please give me a comprehensive detailed overview in layman’s Rnglish so I fully understand. Thank you.
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I still do not have the right answer on the question I have been asking what is an FHA case number. Why is it mortgage lenders make a big deal about transferring an FHA case number from one lender to another.
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