hud: Don't Flip Out!!!
- 06/24/08 04:03 AM
In speaking with many agents, I realize that there has been a buzz in the industry with many lenders screaming “halleluiah, the FHA 90 Day Property Flipping Waiver has been granted and that changes everything”! Based on what I’ve heard, the new perception is that FHA abandoned the Flipping requirements and that borrowers can purchase resale homes of previous foreclosures by investors who scooped up those properties from lenders only to sell them within a short period of time. That perception is entirely inaccurate The reality is that the 90 day (and 180 day) requirements remain intact (with adjustments) … (4 comments)
hud: Feeling Stimulated!!
- 02/10/08 08:25 AM
No, I did not take a little blue pill. I am talking about the economic stimulus package that was passed by both the house and the senate this week. Everyone expects President Bush to sign the combined bill into law early next week. The headline information is on the tax rebates, which I think are a mistake, and how much money we Americans can borrower from ourselves to help stimulate the economy. My question is what happens in 2009 when everyones tax refund is reduced by the amount of the "rebate" ( call it what it is and that is a LOAN!) … (1 comments)
In speaking with many agents, I realize that there has been a buzz in the industry with many lenders screaming “halleluiah, the FHA 90 Day Property Flipping Waiver has been granted and that changes everything”! 
;)
;)
