Real estate blog entries tagged with 90 day flip rule by Jon Sutton (The Sutton Group, Southlake TX)

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Home : Blogs : Jon Sutton : Southlake, Keller, Colleyville, Grapevine Real Estate : Tag "90 day flip rule"

90 day flip rule: 90 Day FHA Anti Flip Rule Opposition - 12/01/09 03:10 PM

The directors of the California Association of Realtors® (CAR) have recently adopted the following motion at their fall meetings: "That C.A.R. in conjunction with NAR, "SUPPORT" the elimination of the FHA 90-day anti-flipping rule, and that C.A.R. write and publish a letter to the FHA Commissioner in opposition to the FHA 90-day anti-flipping rule." While support for the motion was not unanimous, it passed by a significant majority. Could Texas and other states be soon to follow? HUD describes flipping as this: "Property flipping is a practice whereby a property is resold a short period of time after it is purchased by the … (2 comments)

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Jon Sutton

Southlake, TX

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The Sutton Group, Southlake TX

Address: 2140 E Southlake Blvd Suite L#310, Southlake, TX, 76092

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