FHA extends anti-flipping rule for additional year
Posted by Ben Nicolas on
Federal Housing Administration has extended the time they will allow sellers who have owned for less than 90 days to re-sale a property. I'm assuming the same restrictions as before will exist (i.e. 20% max appreciation, full home inspection by lender, 2 appraisals etc., etc.) If you are interested in finding out more info on this topic please call me at 310 874-1278
http://www.latimes.com/business/realestate/la-fi-harney-20110116,0,6473194.story
This is good news for Real Estate Investors, First-Time Homebuyers and the Real Estate market in general. Which basically means this is good news for the overall economy.
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