Real estate blog entries tagged with funding by Diana Turnbloom (Escrowcoord.com)

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Home : Blogs : Diana Turnbloom : EscrowCoord.com : Tag "funding"

funding: FHA Extends Flip Rule - 02/09/11 12:44 PM

Looks like FHA is going to play nice and wave the 90 day flip rule again for 2011.
Below are general guidelines that HUD uses to identify properties that are exempt from the 90 day rule. As I mentioned, some banks have adopted this criteria as well. Others may not be willing to loan, period.
1-All transaction must be an arms-length loan with no identity of interest between the buyer and seller or other parties involved.
2-The property cannot have a pattern of previous flipping in the past 12 months (One previous flip a year people!)
3-If the seller is earning … (1 comments)

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Diana Turnbloom

Martinez, CA

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