FHA No Flipping 90 Day Rule

By
Real Estate Agent with Keller Williams Realty Atlantic Shore

For investors thinking about buying a property and selling quickly afterward please be aware that the official FHA rule is to wait 90 days from the date of sale. (no exceptions) Unless the FHA buyer is purchasing a property that is a foreclosure, short sale, or REO.

For many home buyers now FHA financing is the best and sometimes only option.  So please be aware of this rule and be prepared to wait at least 90 days if you are targeting an FHA buyer for the home.  Now, I do have some ideas on how to avoid this problem and you can call me or email me for those thoughts.

For more information on this rule or advice on how to sell your property quickly please call me at 609-338-3773 or 609-484-9890 ext. 132.

Best wishes,

Matt

Posted by

Matthew Haviland ~ matthew@HavilandGroup.net  ~ 609-484-9890 ext. 132

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