FHA 90 Day Rule
I have a contract on one of my properties with a FHA mortgage. The sales contract was written before the 90 days, the FHA case number was assigned bofore the 90 days, the appraisal was done before the 90 days, and the closing is after 90 days. What will happen?
You may be asked to execute a new sales agreement after the 90 day seasoning period has expired.