There is a foreclosed home I made an offer on with a fha 203k loan for financing. I have two preapprovals because in order to make the offer, buyer had to be approved by the seller's lender as well.. which is BofA. Well I hear back this week that my offer was accepted, but they want cash. Who does that and what is it called? I bank with BofA and a very good customer(not that really matters) but....what is with this? Anyone?
Starting Score-(1/10/10):TU 558 EQ 628