Archive for January 27, 2010

HUD removes 90 day waiver for resales

See the HUD press release: U.S. Department of Housing and Urban Development (HUD) press release

This is great news as flippers no longer need to hold a property for 90 days before they can turn around and sell to a buyer who’s using FHA financing. Honestly, I’m not sure why HUD even had this rule to begin with! Please enlighten me…

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