Are your listings and buyers ready?

So far FHA has not renewed the Flip Waiver and starting with new case numbers pulled on or after February 1st, 2011 will be subjected to the previous flip provisions as specified in  FHA Mortgagee Letter 06-14.

Per HUD requirements, the fully executed purchase contract (signed by both the buyer and seller) must be dated on or before January 31, 2011. HUD allows no exceptions to this rule.

We will continue to offer this product until it expires and I will update this blog if the Flip Waiver is extended.

Do you have questions or need creative solutions, please call me, I'm happy to help!

Catherine Eusea
Selling Branch Manager
NMLS# 237244
970-223-8300 Direct
720-300-6777 Cell
877-260-7114 Fax
catherine.eusea@prospectmtg.com
www.EuseaTeam.com

 
Posted by Catherine Eusea-Mortgage Lender at on 01/12/2011 12:07 AM   Comments (3)   FHA in the Mortgage / Finance Channel   fha, flip waiver, waiver, investors, buyer, realtors, northern colorado, down payment, flipping  
Short URL: http://actvra.in/RB

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Catherine Eusea-Mortgage Lender at

Fort Collins, CO

More about me…

Prospect Mortgage

Address: 2032 Caribou Drive #102, Fort Collins, CO, 80525

Office Phone: (970) 223-8300

Cell Phone: (720) 300-6777

Email Me



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