Tuesday, January 19, 2010
FHA buying made easier!
On February 1st, FHA home-buyers can now purchase investor flips without waiting for the 90-day rule. When an investor buys a bank owned home, rehabs it, then turns around and sells the property, FHA guiedlines typically do not allow a purchase for the first 3 months. FHA is lifting this rule for one year... this will open up an incredible amount of opportunity for buyers that do not have a 20% downpayment!
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