Are your listings and buyers ready?
So far FHA has not renewed the Flip Waiver and starting with new case numbers pulled on or after February 1st, 2011 will be subjected to the previous flip provisions as specified in FHA Mortgagee Letter 06-14.
Per HUD requirements, the fully executed purchase contract (signed by both the buyer and seller) must be dated on or before January 31, 2011. HUD allows no exceptions to this rule.
We will continue to offer this product until it expires and I will update this blog if the Flip Waiver is extended.
Do you have questions or need creative solutions, please call me, I'm happy to help!
Catherine Eusea
Selling Branch Manager
NMLS# 237244
970-223-8300 Direct
720-300-6777 Cell
877-260-7114 Fax
catherine.eusea@prospectmtg.com
www.EuseaTeam.com
I live by the motto...work from your heart by taking care of the heart of my business...my clients. I promote and have always promoted doing good loans & I accept nothing less.
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