Find another lender. There is no FHA guideline stipulating WHO can give you the gift. This is a Countrywide limitation designed to make sure they can sell the loan later.

To use the employer gift, you must:

1) signed Gift Letter (a standard FHA form) stating that it is not to be repaid
2) provide a statement of the account that the gift comes out of (proving it is not borrowed $)
3) a copy of the cancelled check
4) a statement from your account showing the $ deposited

Get with a mortgage professional who understands FHA guidelines and your deal will sail through!

Make a long story short, she brought zero prospects so I created my own lease paper and got a tenant.

Since I have signed the exclusive, I was obligated to pay her the commission for lease. After a long conversation with her, we agreed to a half.

I asked her if she can send an invoice to me so I have something in writing, but she insist that I should just send the check to her company.

1. Is it safe to pay her with my personal check without an invoice? I don¡¯t have any written document that says that we agreed to the half of the commission.

2. If it¡¯s not safe, should I write a letter? (She will not give me a receipt nor signed paper that said that I paid in full.)

3. If I write a letter to her, how do I ensure that she read and agreed to what it says on the letter?

Please help me closing this loop without talking to her.

Best Answer
In business there is no such thing as a gentlemans agreement, and everything should be in writing.
I would write a letter in legal form stating the agreed to facts and quoting the payment details in same letter.
I would then sign and date it and cc it to a file.
If the check is cashed it is documented to be for that transaction and in cashing it attached to that letter it constitutes a legal agreement between the two of you.
Asker's Rating:
This is very helpful. Thanks.