Posted by Max-Va on May 18, 2006 at 13:12:01:
The FHA does not do title insurance. It insures the lender on an FHA backed loan. There are alot of financing options other than an FHA loan any mortgage broker can find a different loan program.
In the past properties were sold numerous time within a 6 month period and each time the sales price was greatly increased. This led to croupt appraisals and loan fraud in some cases. The feds tried to stop their losses by changing the rules on FHA backed loans.
This is a minor issue so don’t get all worked up about it