Starting 2/1/2010 Hud is issuing a waiver to the 90 day flipping rule!
One of the hurdles for folks that are buying and renovating distressed properties are the end buyers have not been eligible for FHA Financing. The lifting of this rule will increase the buying pool for these properties…
If you want to take a look at some reaction to the change check out this thread on Zillow!
More to follow but I thought this was worth a quick shout!
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