This just in: FHA announces they will waive the 90 day anti flip rule for short sale and reo back to back transactions!
Last week I wrote a blog about the legalities of these transactions, are back to backs legal, and informed you all of the legitimacy of them. FOr all you flippers and rehabbers out there the news could not be any better!
Finally, the powers that be are actually doing something to help us churn through all this distressed inventory. I predict many more lenders and organizations will fall in line like dominoes by the end of 2010.
Just make sure you follow the guidelines please as we don't need a few rotten apples to spoil the bunch.
Happy Home Hunting!!
Disclaimer: While attempts have been made to verify information provided therein, the author does not assume any responsibility for errors, omissions, or contradictory information contained in this document. This document is not intended as legal, investment or accounting advice. The reader of this blog assumes all responsibility for the use of these materials and information.
BEWARE......make sure you interview your agent before you hire them. For a free list of questions you should ask, e-mail me.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
