fha property flipping policy: Government Lending Tip of the Week
- 03/16/09 04:07 AM
Overview of FHA's Property Flipping PolicyFHA requires: Only owners of record may sell properties that will be financed using FHA-insured mortgages; Any resale of a property may not occur 90 or fewer days from the last sale to be eligible for FHA financing; and Resale's that occur between 91 and 180 days where the new sales price exceeds the previous sales price by 100 percent or more, FHA will require additional documentation validating the property's value. FHA also has flexibility to examine and require additional evidence of appraised value when properties are re-sold within 12 months.Exceptions to 90-day RestrictionThe following sales … (0 comments)
Overview of FHA's Property Flipping PolicyFHA requires:;)
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