mortgage: FHA Waives Long Standing 90 Flip Rule
- 01/28/10 02:56 AM
Below is my recent article as published in 6 Southern California newspapers. By Brent Bruce Just this last Friday the 15th of January, H.U.D (The Department of Housing and Urban Development) and the F.H.A (Federal Housing Administration) announced a waiver of a long time guideline that will be a great help for both home sellers and potential home buyers looking to use an F.H.A. insured home loan.
For many years now the F.H.A. prohibited a buyer who is using an F.H.A. loan from buying a property that had been owned by the seller for less than 91 days. This rule (0 comments)