fha seller seasoning: FHA Flip rule - 1 day owned by seller OK
- 05/14/10 10:01 AM
FHA Flip rule - 1 day owned by seller OK The Seller seasoning requirement on our FHA Loans is one day. That is correct, one day. While FHA has released guidance for lenders allowing the Flip Rule to be Waived for all Sellers until Feb 1, 2011, many lenders still require that sellers own a home for 90-180 days before it is eligible for their FHA Financing. We do not require these waiting periods for FHA Loans. Seller Seasoning simply means how long the current owner has owned the property (as recorded on Title Records). Seller seasoning is also called Owner seasoning. The contract date … (0 comments)
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FHA Flip rule - 1 day owned by seller OK
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