Southwest Alliance Complaint - Southwest Alliance/HUD foreclosures
I am trying to purchase a home from HUD to be my primary home. As I entered contract my financing was going to be FHA loan. HUD refuses to let me change my financing to cash, as it is only a $13,000 home!! HUD did a lead based paint stabilization that I was unaware of due to the proposed FHA loan financing. I managed to get cash together for the purchase of the home and now Southwest Alliance is indicating that HUD will not allow me to amend the contract. They are trying to force me to get an FHA loan and pay $3,000-4,000 in fees for a $13,000 mortgage on a home.