Property flips are legal if done correctly in an open and transparent manner. Legitimate, solid sources have documented their changes recently.
Wells Fargo, one of the most conservative lenders, has acknowledged Legitimate Property Flips and has removed their seasoning restriction as of January 1st, 2010.
Banks are finally catching up with the market and opening up their guidelines to allow more investors to revitalize the economy with legitimate property flipping. The free market system and capitalism will balance supply and demand and bring the economy back into harmony much faster than any government program could ever hope to do.
Changes like this will make 2010 easier to help homeowners avoid foreclosure! That is always something worth writing about.
We applaud your judgment Wells Fargo. We hope the other 3 majors follow suit.
Tags: bank of america, chase, countrywide, legitimate property flips, no seasoning, seasoning, title seasoning, Wells Fargo
