FHA Flipping Rule Update
Saturday, January 16, 2010 | Comments Off
GREAT News! As of February 1, 2010, there will no longer be a 90 Day Flip rule for FHA. This means investors will now accept more FHA offers and allow more buyers to qualify for properties. It’s only good for 1 year and can be terminated at anytime by HUD if they find out it leads to increases in defaults. It’s going to be important to move these properties quickly and it will be important that buyers are pre-approved with a lender that can close FHA deals in a timely manner. For more information regarding this rule, please give me a call at (925) 216-0860. To search the MLS for free and to view homes for sale, go to: www.CynthiaAlfred.com