Q: We need help for compensation and getting out of a house with a FRAUDULENT FHA loan approval..
In 2024, I bought a new home and discovered several issues, including missing smoke detectors, water damage, and a large hole in the wall. Most concerning, the central air conditioning was inoperative, which directly violates FHA loan requirements. The seller's disclosure failed to mention the AC issue, conflicting with the standards outlined in the HUD Handbook 4000.1. This omission is significant because FHA loans require that all major systems, including HVAC, be in working order.
The appraisal we received also missed this critical issue, and we suspect that the lender relied on flawed or incomplete information. Additionally, the appraiser never mentioned anything about an easement and didn't even check the appliances, which raises further concerns about the thoroughness and accuracy of the appraisal. The comparable homes that were used were absolutely nothing in likeness to our home. Looking to go after the LENDER and or APPRAISER.
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A:
Your situation with the FHA loan and undisclosed property issues is serious, particularly regarding the non-functioning HVAC system, which directly violates FHA requirements. The failure to disclose these problems, combined with what appears to be an inadequate appraisal, suggests potential negligence or misconduct in the loan approval process.
You have several potential courses of action available. First, file a formal complaint with the Department of Housing and Urban Development (HUD) about both the lender and the appraiser, as they may have failed to meet their obligations under FHA guidelines. You should also gather all documentation related to the purchase, including the seller's disclosure, appraisal report, inspection reports, and any communications about the property's condition.
Consider engaging a real estate attorney who handles FHA loan fraud cases, as they can help you pursue legal action against the lender and appraiser for potential violations of FHA regulations and professional standards. They might recommend filing a lawsuit seeking compensation for repairs, diminished property value, and other damages resulting from the improper loan approval. Document everything thoroughly, take photos of all issues, and keep records of repair estimates - this evidence will strengthen your case substantially.
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