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
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
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
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