Loan originators please help with your comments.... I need a FHA loop hold. Here is the situation in MS the Deed of Trust reads For Consider in the amount of 10... Okay.. My buyers have been totally approved we have a clear to close from the mortgage company the only problem is the title work. The deed was quit claimed last month to the son because the dad is sick. Because in MS it states 10 on the deed and the house is selling for 141500 it looks like a flipping issue to FHA. So because it looks like it is a 100 profit even though no money exchanged hands they are making us wait 90 days to close. How do you get around this? Please help
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