Monday, January 18, 2010

FHA Suspends 90 day Seasoning Requirement

GOOD NEWS FOR INVESTORS. As of Feb 1, 2010, Investors can buy and sell property with no worries that their retail buyer will need to have a conventional loan that is not FHA. FHA suspended the “90 day flip rule” which was causing many of us headaches and profit. If you have any questions on the rule, feel free to call and I can further explain it to you. With the 90 day rule being suspended and the Tax Credit still available, NOW is the time to make some money and turn these houses.

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