Calling Orlando Real Estate Investors as of January 15, 2010 FHA has come out with a new ruling that applies to the seasoning of title and flipping of properties. Before if an investor purchased a home, rehabbed it and wanted to resell it, an FHA buyer could not place an offer on the property til the 91st day that the investor had what's known as a seasoning of title ,this rule was called the anti-flipping rule.
Starting February 1, 2010 that rule will no longer apply. Meaning that first time home buyers maybe able to find more move in ready properties at a good price. This rule will apply for all of 2010. This is really great news for investors and first time home buyers in the Orlando area!
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