FHA will keep funding Rehabbed Properties!

Posted by:
Dennis Nottingham
December 05, 2011
37 seconds
Copied
Share
Copied

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.

Related Links

Leave a Reply

Your email address will not be published. Required fields are marked *

Related articles

| |
Have you heard of the term "dry closing" before? If yes, but you're not certain what it means or if it's your first time hearing it, then you're in the right place. Dry closing is when all the papers are signed, and payment is sent, but the ownership transfer doesn't happen immediately because of an […]
April 08, 2024
| |
Do you want to grow your wealth? How about making more money while you sleep? If so, adding a passive income into your portfolio is a good idea, and one of the best ways to do it is through turnkey real estate investments. What Is Turnkey Real Estate? For those looking to build long-term wealth […]
February 23, 2024
| |
When buying a home, two of the common terms you might hear a lot are "Annual Percentage Rates (or APR for short)" and "Interest rates." Now, while these two might sound like they mean the same, the truth is, there are a few differences that you should know. So before you get a mortgage, let's […]
February 14, 2024
© 2022 Copyright RE/MAX Advanced Realty. All Rights Reserved.