FHA loan

[daroyal]

I live in Indiana. My husband and I bought my parents home/surrounding 10 acres from their estate on Oct. 12, 2007. We financed with FHA. Problem: My parents were ill for some time...we moved a mobile home on the acres (same location we purchased) to be closer to help during their illness. At that time my parents owned the property but the mobile home is in our name with a lein. Upon their death we (my family) listed all property (house and acres) up for sale with an agent. Since the mobile home is on the property we were trying to sell we put in the listing and appraisal that the mobile home would be moved within 30 days of the sale of the property. After alot of people looked at the house my husband and I bought it. My parents died 8 days apart of different illnesses and the whole thing was too much to absorb! Now...The bank says that they pulled our account up at random for an aduit...after 2 payments..lol. Well...they said we HAVE to move the mobile home or they will call in the loan because that was in the appraisal. It was only listed that way under the impression that someone else would buy it...As owner of the mobile home do I really have to move it in order to keep my FHA loan? It seems as if they are trying to tell me what to do with property I own!
Thank you,
Debbie

[HUD-1]

It sounds as though a condition of you getting the FHA loan that you were to move the mobile home off the property. You did not. You may now be in default of a condition of the loan. It seems as though they should have made you move it prior to the closing. ?? In any event, there are specific requirements for mobile homes to make them eligible under FHA including a permamnent foundation, being taxed as real estate, being manufuactured after June 1976 etc. If you want to use it as storage space, perhaps the lender will agree to let it stay if you pull out the kitchen.