FHA 90 Days Flipping ????
Help me out here.....the guidelines say they will not insure if the property is being flipped within 90 day. I have a 60 day property that buyers are wanting.
Is the 90 day deadline from acquisition to close...or acquistion to contract?
Thanks for your help.
ItzMe
I would suggest you reading the article "HUD Imposes New Requirements For FHA MTG INS"
This article was actually a fax I received from a friend. But it explains how your sale is affected or not affected.
Lori
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I'll just have the buyers lease to buy with a 90 day contract. Then their financing for purchase is set at 90 days.
Jim
Good Luck
Lori
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