greenville fha loan: FHA Property Waiver Expires Dec 31 in Greenville, SC - 12/16/14 12:21 AM
BIG news for house flippers in Greenville, SC:   Today FHA announced that the temporary FHA Proeprty Waiver that allowed FHA buyers to purchase a home where the seller has been on title less than 90 days will expire December 31, 2014.   This means that any buyer using FHA must show that the current owner of record has been on title for >90 days from the contract execution date. Even the loan application date must be >90 days from the deed transfer date.   The waiver had been in effect since 2010. This is not generally perceived as good news … (0 comments)