FHA Will Keep Funding Those Turn Key "Flipped" Properties - 01/04/12 06:59 PM
For many FHA first time home buyers the chance to find a turn-key property is slim. With a market full of deserted properties and as-is bank owned buyers tight on money have few options. Insert the "flip".
A flipped property is where an investor or group of investors purchase a property, usually at the courthouse trustee sale, rehab it, and put it back on the market for profit. Prior to 2010, there was a waiting period that FHA buyers had to abide by in order to purchase one of these flips.
In February of 2010, the Obama Administration waived the 90 … (4 comments)

 
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Ricky Beach Broker/Owner, Realtor

Reno, NV

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Renown Real Estate Services

Address: 6900 S. McCarran Blvd., Suite 3040, Reno, NV, 89509

Office Phone: (775) 313-9600

Cell Phone: (775) 750-1437

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