FHA extends anti-flipping rule for additional year

Posted by Ben Nicolas on Wednesday, January 19th, 2011 at 8:30am.

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
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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