Comments on: FHA Property Flipping Waiver: An Executive Summary of “Must Knows”

By: Anonymous

Anonymous — Tue, 31 Aug 2010 09:49:00 +0000

I don’t think that the current real estate market is very good for investing if you want to resell fast. 30-60 days might not be that easy to go for. I think you need to think long term now if you are going to invest in the real estate market. The fact is that the market is moving very slow now, but it is getting back on its feet.

By: Fha Jumbo Loans

Fha Jumbo Loans — Thu, 26 Aug 2010 05:32:00 +0000

What is a good interest rate for a jumbo FHA mortgage in CA?
I am working with two different mortgage brokers. One is telling me they can get me an interest rate of 5% (paying 1 point) for a jumbo ($625K) 30-year fixed FHA loan with 3.5% down.

The other lender is telling me that isn’t possible and that a 5% interest rate on a jumbo FHA 30-year fixed mortgage does not exist.

Does anyone have experience getting such a loan recently and if so, can you share your rate?

The second lender is quoting around 5.4% with 1 point.

By: Anonymous

Anonymous — Wed, 11 Aug 2010 13:20:00 +0000

I remember a real estate agent we used who offered to thrown in Feng Shui services which would include detecting if anyone had died in the house.

By: Wonayemi

Wonayemi — Tue, 03 Aug 2010 03:54:19 +0000

This is very helpful to me a great deal. I appreciate your view on this matter. Thanks. walegvs

By: serviced offices bank

serviced offices bank — Mon, 21 Jun 2010 20:10:22 +0000

Normally I wouldn’t comment on posts but I felt that I had to as your writing style is actually good. You have broken down a tough area so that it easy to understand.
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Serviced Offices Chelsea

By: Cory Boatright

Cory Boatright — Sat, 15 May 2010 02:49:51 +0000

JP,

Your insight and explanation on these issues provide excellent transparency for your readers. Thanks for being a servant bro.

Remember... be a servant,

Cory Boatright
Loss Mitigation Specialist

By: jp moses

jp moses — Fri, 14 May 2010 06:56:35 +0000

I've not heard anything to that effect. So I can't say for sure, but I seriously doubt it.

…jp

By: theebigbang

theebigbang — Fri, 14 May 2010 05:24:41 +0000

Can the underwriter requires additional repairs and fixes, beyond that which FHA normally requires, because the home is a 90 flip?

By: jp moses

jp moses — Thu, 29 Apr 2010 21:28:05 +0000

Great question – and it only applies when your “C” buyer is FHA. Reason being, FHA can't control those things if they're not even involved in the transaction. They don't police all real estate transactions – just like the 90 day flipping rule this waiver applies to only applied to new FHA backed loans. Make sense?

By: GoldenForeclosures

GoldenForeclosures — Thu, 29 Apr 2010 00:56:48 +0000

First off, thanks for the great blog and a wealth of reviews and information. Secondly, thanks for this great summary. Which leads me to a third point — does the 20% profit for investors restriction apply only if the “C” buyer is an FHA or otherwise government-financed? What about conventional (bank) financing (mortgage)? And cash buyers? Can Fannie Mae or Freddy Mac place the 20% profit restriction for 90 days onto the title/deed even for cash buyers? That's what some people on online forums (which are always correct, of course) have said is happening.