Short Sale Pros - Negotiating Short Sales at No Cost to Homeowner, Realtor or Investor » FHA waives http://blog.shortsalepros.com Leave the hard work to us TM Tue, 10 Jan 2012 03:42:29 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Breaking News: FHA Waives 90 Day No Flip Rule for 1 Year http://blog.shortsalepros.com/breaking-news-fha-waives-90-day-no-flip-rule-for-1-year/ http://blog.shortsalepros.com/breaking-news-fha-waives-90-day-no-flip-rule-for-1-year/#comments Sat, 16 Jan 2010 03:46:15 +0000 admin http://blog.shortsalepros.com/?p=524 Flipping is becoming more and more accepted by the government and major lending institutions. This is evidenced by Freddie Mac’s recent bulletins, updated credit policies by Wells Fargo to allow for C buyer financing, and revised title bulletins stating that the C purchase price does not need to be revealed to the A lender as long as certain disclosures are made.

Today, the FHA has rescinded its 90 anti-flipping rule and will, for a period of 1 year, allow FHA buyers to obtain loans on properties that have been recently purchased by investors.

See the Full Article HERE

The policy change will permit buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. This will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities.

]]> http://blog.shortsalepros.com/breaking-news-fha-waives-90-day-no-flip-rule-for-1-year/feed/ 0