Real estate blog entries tagged with armslength transactions by Bobby Lehmkuhl (4 Malibu Real Estate Partners)

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Home : Blogs : Bobby Lehmkuhl : Malibu Real Estate : Tag "armslength transactions"

armslength transactions: FHA Waives Anti-Flipping Rule Through Year-End to Speed REO Sales - 01/09/12 01:13 PM

The temporary property anti-flipping rule waiver has been extended through the end of 2012, by the Federal Housing Administration (FHA). The FHA rules prohibited insuring a mortgage on a home that the seller owned for less than ninety days. However, in 2010, the FHA waived this regulation and has extended it through the end of this year.
Buyers will be able to continue to use FHA-insured financing to purchase bank-owned properties and HUD-owned with this extension. This waiver will help stabilize prices a revitalize communities with high foreclosure activity.
According to the FHA’s Acting Commissioner, the waiver has strict guidelines and … (0 comments)

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Bobby Lehmkuhl

Malibu, CA

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4 Malibu Real Estate Partners

Address: 22967 Pacific Coast Highway, Malibu, CA , 90265

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