Comments on: FHA Suspends 90 Day Seasoning “Flip Rule” for One Year!

By: Jimmaloney

Jimmaloney — Tue, 22 Nov 2011 17:23:00 +0000

what can you tell me about the flipping rule if the listing realtor has a financial interest in the property but he does not own the property. I am one week away from closing and found this out thru trend. the underwriter just killed the deal

By: Craig Fuhr

Craig Fuhr — Sat, 22 Jan 2011 19:51:00 +0000

Great info, JP. As always!

By: PA income tax

PA income tax — Tue, 09 Mar 2010 11:00:42 +0000

You have great post with enjoyable writing style. Nice to visit your blog. Thanks for sharing your opinion on how to flip properties to FHA Buyers

By: Video Guy

Video Guy — Sun, 31 Jan 2010 02:14:23 +0000

Thanks for the useful info…maybe we can get back in the market . Will these new conditions exclude any states like California?
.-= Video Guy´s last blog ..New Generation Video Marketing =-.

By: Video Guy

Video Guy — Sun, 31 Jan 2010 02:14:00 +0000

Thanks for the useful info…maybe we can get back in the market . Will these new conditions exclude any states like California?
.-= Video Guy´s last blog ..New Generation Video Marketing =-.

By: FHA Property Flipping Waiver: An Executive Summary of “Must Know” Items | Real Estate Investing Tips

Tue, 19 Jan 2010 23:20:50 +0000

[...] Friday January 15, 2010 we posted the FHA’s announcement to suspend their now infamous 90-day anti-flipping rule for 1 year, effective February 1, [...]

By: Megan

Megan — Tue, 19 Jan 2010 21:56:04 +0000

Do you know if contracts have to written on or after Feb 1st or does the loan just have to close after Feb 1st?

Great question, Megan! And I can only give you my “gut feeling” on this really. I don’t see that the waiver itself specifies this.

My feeling is that if you go to contract before 2/1/10 with an FHA buyer, the terms of the waiver will still apply to that transaction once it takes effect on 2/1/10…so long as you haven’t closed yet.

Again, just my gut feeling, for what it’s worth.

…jp

By: Megan

Megan — Tue, 19 Jan 2010 21:56:00 +0000

Do you know if contracts have to written on or after Feb 1st or does the loan just have to close after Feb 1st?

Great question, Megan! And I can only give you my “gut feeling” on this really. I don’t see that the waiver itself specifies this.

My feeling is that if you go to contract before 2/1/10 with an FHA buyer, the terms of the waiver will still apply to that transaction once it takes effect on 2/1/10…so long as you haven’t closed yet.

Again, just my gut feeling, for what it’s worth.

…jp

By: Timberland Investment | Molpus Woodlands Group

Timberland Investment | Molpus Woodlands Group — Sat, 16 Jan 2010 19:58:23 +0000

Thanks for the useful information. This blog is informative and interesting.

By: Timberland Investment | Molpus

Timberland Investment | Molpus — Sat, 16 Jan 2010 19:58:00 +0000

Thanks for the useful information. This blog is informative and interesting.