FHA will keep funding Rehabbed Properties!
Posted by Dennis Nottingham on Monday, December 5, 2011 at 3:01 PM
By Dennis Nottingham / December 5, 2011
Comment
FHA has announced that they are extending the anti-flipping rule thru 2012 for investors who purchase properties and rehab them and put them immediately back on the market for sale. FHA has a standard 90 day rule to prevent investor flips but FHA has extended this time period. Any sales increases of over 20% must be proven and approved. Most times two appraisals will be required.
Post a Comment