hello,
we just sold our home...we had a closing date which has come and gone ,our home is paid for with no mortgage.,,the buyers are first time fha buyers ...our real estate agent tells us that although fha approved the buyers,fha did not have the funds ,but now that obama has signed the stimulus package that the funds will be forthcoming..my concern is "why would the fha be approving loans if they didnt have the money to back it up"....i have been living out of boxes for over a week now ...i cant get a moving company reservation until i know that my house is indeed sold ..is this normal?...can anyone help?
we just sold our home...we had a closing date which has come and gone ,our home is paid for with no mortgage.,,the buyers are first time fha buyers ...our real estate agent tells us that although fha approved the buyers,fha did not have the funds ,but now that obama has signed the stimulus package that the funds will be forthcoming..my concern is "why would the fha be approving loans if they didnt have the money to back it up"....i have been living out of boxes for over a week now ...i cant get a moving company reservation until i know that my house is indeed sold ..is this normal?...can anyone help?