home sales sacramento: FHA 90 Day Seasoning Waiver Expanded - Flip Flip Hooray!?! - 01/20/10 03:35 AM
 
90-Day Seasoning Waiver Expanded
This update from FHA was released on Friday January 15th, 2010, as an excerpt from the CFR (Code of Federal Regulations) without a corresponding Mortgagee Letter and contains information about FHA's policies regarding the waiver of the 90-day seasoning required for sellers.Here are the 6 things you need to know about these changes:
1.       Waiver takes effect February 1st, 2010 for a period of one year unless extended.
2.       Investors are now exempt from the 90-day seasoning rule.
3.       All transactions must me arms-length.
4.       No identity of interest can exist between buyer and seller.
5. … (3 comments)

home sales sacramento: Home Sales Report for Sacramento County as of December 12, 2009 - 12/21/09 03:56 AM
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Jana Reyes

Elk Grove, CA

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Keller Williams Realty

Address: 9250 Laguna Springs Drive , Suite 100, Elk Grove, CA, 95758

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