Posted by mike on March 26, 1999 at 12:19:16:
fha’s can usually be redeemed until the last minute, be it at or after the sale. lender is insured by fha, so there is no incentive to take less that full money at sale. conv loan may not carry that insurance protection, and so you look for motivated lender out on a limb. doesnt mean to steal it. try making them a mutually good deal that will foster a relationship.