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Say GOOD-BYE to the FHA 90 Day rule

By
Real Estate Agent with Remax Results 585707

Did you hear the news-  FHA has just dropped the 90 day seasoning rule.  Home owners now dont have to wait to sell on day 91 after just purhcasing a home.  Investors are going to love this, getting the market moving again.  I hope this will make a big difference with the foreclosures being bought up quickly and thus getting the sticker priced homes in more demand.  If you have any thoughts let me know- looking for any pros and cons?? thanks

Comments (2)

Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Yippee.....this WILL make a difference to the flippers...and reduce the inventory...Yahoooo !

Jan 16, 2010 11:16 AM
Robert Havana
Park and Protect- Alberta Real Estate License Parking - Calgary, AB
Alberta Real Estate License Parking

I was unaware that such a rule even existed, I wonder how great an impact this has been having.  I think the reasons that flippers have been having difficulties is more due to the fact that financing is hard to get and the flipped homes are harder to sell in a declining market.

Robert May

"Please feel free to come visit by my blog and leave a comment too, it is how I meet the majority of my new friends here at activerain.  I always try to reply to comments and to return the favor by visiting your blog as well - Robert May"

Jan 16, 2010 11:24 AM