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fha flip rule: FHA Flip Rule and Appraisals - 12/30/11 01:37 PM
The FHA Flip Rule is extended until December 31st, 2012. This is excellent news for first time home buyers, sellers, and especially investors.
"Flipping" the practice of buying, renovating, and re-selling property at a significant profit was discouraged by FHA. However, in the current climate these flipped homes are helping our housing market move forward.
The biggest question or concern about "flipped" homes is the value. This short FHA Flip Rule video answers the question for homes bought,renovated, and then sold in less than ninety days.
 
 
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fha flip rule: FHA has lifted the 90-day seasoning requirement! - 01/18/10 12:16 PM
 
FHA has finally lifted the rule that has held back many buyers in Woodbridge, VA from purchasing renovated homes from investors. Basically Veterans and Active Military had no competition when purchasing these great deals. We will see how this rule actually applies in the near future to the Woodbridge, VA market. I hope there are less listings with the NO FHA CLAUSE.
Checkout this post from Dave Rosenmarkle:

 
Via Dave Rosenmarkle (Highland Realty):
The news is spreading fast...  As reported out from FHA on January 15, 2010 -
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW … (1 comments)

 
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Markita Woods FHA and VA Loans Woodbridge Mortgage Lender

Woodbridge, VA

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Timely and relevant information about obtaining a mortgage, credit scores, FHA, VA, and VHDA financing in Woodbridge, Stafford, and surronding areas.


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