FHA will keep funding Rehabbed Properties!

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.

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