Will the 90 Day Seasoning Requirement Waiver Help Improve Real Estate Sales?

Effective 2/1/2010, the 90 day seasoning rule for FHA will be lifted.  In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, HUD Secretary Shaun Donovan today announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties. The 90 day holding period will be lifted for a period of 1 year.

 See Waiver which outlines the conditions that must be met.