hudowned: FHA's Holiday Gift to Investors and Home Buyers
- 12/23/11 05:33 AM
FHA's Holiday Gift to Investors and Home Buyers In an effort to stabilize home values, the FHA announced the extension their anti-flipping regulations until December 31, 2012 in FHA press release No. 11-292. This is great news for legitimate investors and home buyers. Normally the FHA prohibits insuring a mortgage on a home owned by a seller for less than 90 days, but waived this regulation under certain circumstances back in 2010 through the end of 2011. Investors who rehab homes quickly benefit, because buyers can qualify for FHA loans to purchase these properties. Home buyers benefit because it allows financing for HUD-owned … (2 comments)
FHA's Holiday Gift to Investors and Home Buyers
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