On 9-12 I received My letter to participate from FHA on a property the letter is dated 9-12 however it states I must have an offer to bank my 9-29 . They only gave me 17 days to market the property and sale it... I contacedt the lender (flagstar) they stated they would review the dates. I provided them with the guidlines from the program where it states I have at least 90 days to market the property. Flagstar contacted me today and says they will not change letter and that the date is correct because this home already had a foreclosure date in the next 30 days. I contacted HUD and they said this was incorrect and would contact flagstar but havent gotten back to me.
Has anyone ever had this happen before? Ive closed lots of FHA short sales and never run into this rule flagstar is claiming? Please help.
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