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flip: 90 Day FHA Rule Temporarily Going Away! - 01/19/10 10:52 AM
Great news from HUD! The rule requiring a property to age at 90 days before it's last sale before using FHA-insured financing is going to be waived, with a few conditions, starting February 1st, 2010. The waiver will be in effect for 1 year.
This is just what the doctor ordered for our FHA buyers. It opens up a whole group of properties that had to be skipped over in the past...
Make sure to read the press release from HUD for all the details.
Happy Shopping!
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Bonita Malone, GRI, SFR, CDPE

Elk Grove, CA

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Better Homes and Gardens Mason-McDuffie Real Estate

Address: 7801 Laguna Blvd, Ste 100, Elk Grove, CA, 95758

Office Phone: (916) 478-7184

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