Comments on: FHA Suspends Flipping Rule? Not So Fast, Sparky… http://reitips.com/fha-seasoning-suspended/ Real Estate Investing, Undressed: Tips, ideas and news real estate investors can use. Sat, 05 May 2012 02:11:00 +0000 hourly 1 By: Jerry Norton http://reitips.com/fha-seasoning-suspended/comment-page-1/#comment-144988 Jerry Norton Sat, 23 Jan 2010 23:14:32 +0000 http://reitips.com/?p=142#comment-144988 JP, you are the only one I can find online making this argument. Everyone else seems to think this applies directly to investors who buy with the intent to wholesale or fix and flip. Have you gotten any further clarification on this? Jer .-= Jerry Norton´s last blog ..<a href="http://equityservicesllc.me/91-w-ypsilanti-pontiac-miavailable-now-74900" rel="nofollow">91 W. Ypsilanti Pontiac, MI……………………….Available Now $69,900</a> =-. <blockquote><em>Hey, Jerry - yes, you're right. And actually the article above was published a few months ago and is now out of date. Here's my latest executive summary of the whole FHA flipping waiver thing: <strong><a href="http://reitips.com/fha-property-flipping-waiver/" rel="nofollow">FHA Property Flipping Waiver: An Executive Summary of “Must Knows”</a></strong> JP,

you are the only one I can find online making this argument. Everyone else seems to think this applies directly to investors who buy with the intent to wholesale or fix and flip.

Have you gotten any further clarification on this?

Jer
.-= Jerry Norton´s last blog ..91 W. Ypsilanti Pontiac, MI……………………….Available Now $69,900 =-.

Hey, Jerry – yes, you’re right. And actually the article above was published a few months ago and is now out of date. Here’s my latest executive summary of the whole FHA flipping waiver thing:

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

]]> By: Jerry Norton http://reitips.com/fha-seasoning-suspended/comment-page-1/#comment-148742 Jerry Norton Sat, 23 Jan 2010 23:14:00 +0000 http://reitips.com/?p=142#comment-148742 JP, you are the only one I can find online making this argument. Everyone else seems to think this applies directly to investors who buy with the intent to wholesale or fix and flip. Have you gotten any further clarification on this? Jer .-= Jerry Norton´s last blog ..<a href="http://equityservicesllc.me/91-w-ypsilanti-pontiac-miavailable-now-74900" rel="nofollow">91 W. Ypsilanti Pontiac, MI……………………….Available Now $69,900</a> =-. <blockquote><em>Hey, Jerry - yes, you're right. And actually the article above was published a few months ago and is now out of date. Here's my latest executive summary of the whole FHA flipping waiver thing: <strong><a href="http://reitips.com/fha-property-flipping-waiver/" rel="nofollow">FHA Property Flipping Waiver: An Executive Summary of “Must Knows”</a></strong></em></blockquote> JP,

you are the only one I can find online making this argument. Everyone else seems to think this applies directly to investors who buy with the intent to wholesale or fix and flip.

Have you gotten any further clarification on this?

Jer
.-= Jerry Norton´s last blog ..91 W. Ypsilanti Pontiac, MI……………………….Available Now $69,900 =-.

Hey, Jerry – yes, you’re right. And actually the article above was published a few months ago and is now out of date. Here’s my latest executive summary of the whole FHA flipping waiver thing:

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

]]> By: Mark Shipton http://reitips.com/fha-seasoning-suspended/comment-page-1/#comment-144824 Mark Shipton Sat, 16 Jan 2010 06:36:11 +0000 http://reitips.com/?p=142#comment-144824 The waiver you have posted in your article is from 2008 not the one just issued today....http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf The waiver you have posted in your article is from 2008 not the one just issued today….http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf

]]> By: Mark Shipton http://reitips.com/fha-seasoning-suspended/comment-page-1/#comment-148741 Mark Shipton Sat, 16 Jan 2010 06:36:00 +0000 http://reitips.com/?p=142#comment-148741 The waiver you have posted in your article is from 2008 not the one just issued today....http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf The waiver you have posted in your article is from 2008 not the one just issued today….http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf

]]> By: OnlyTheCoolestGuyYouEverMet http://reitips.com/fha-seasoning-suspended/comment-page-1/#comment-2465 OnlyTheCoolestGuyYouEverMet Fri, 20 Mar 2009 20:45:16 +0000 http://reitips.com/?p=142#comment-2465 Awesome point Gary Boomershine @ rehab costs, and REO companies not having anything to do with it. So i just got off the phone with a rep from the F.H.A. Philly region, and was told that the waiver is actually intended for THE SAME reason you mentioned. The Grantor of the property could be a "Management" or construction company etc... that specializes in doing the dirty work or something of the sort, and bringing it up to F.H.A. standards. the property could then be sold after a week's labor or so. Good Luckk ;] (Arent I just about the Coolest person you know right about now?) Awesome point Gary Boomershine @ rehab costs, and REO companies not having anything to do with it.

So i just got off the phone with a rep from the F.H.A. Philly region, and was told that the waiver is actually intended for THE SAME reason you mentioned.
The Grantor of the property could be a “Management” or construction company etc… that specializes in doing the dirty work or something of the sort, and bringing it up to F.H.A. standards. the property could then be sold after a week’s labor or so. Good Luckk ;]

(Arent I just about the Coolest person you know right about now?)

]]> By: OnlyTheCoolestGuyYouEverMet http://reitips.com/fha-seasoning-suspended/comment-page-1/#comment-148740 OnlyTheCoolestGuyYouEverMet Fri, 20 Mar 2009 20:45:00 +0000 http://reitips.com/?p=142#comment-148740 Awesome point Gary Boomershine @ rehab costs, and REO companies not having anything to do with it. So i just got off the phone with a rep from the F.H.A. Philly region, and was told that the waiver is actually intended for THE SAME reason you mentioned. The Grantor of the property could be a "Management" or construction company etc... that specializes in doing the dirty work or something of the sort, and bringing it up to F.H.A. standards. the property could then be sold after a week's labor or so. Good Luckk ;] (Arent I just about the Coolest person you know right about now?) Awesome point Gary Boomershine @ rehab costs, and REO companies not having anything to do with it.

So i just got off the phone with a rep from the F.H.A. Philly region, and was told that the waiver is actually intended for THE SAME reason you mentioned.
The Grantor of the property could be a “Management” or construction company etc… that specializes in doing the dirty work or something of the sort, and bringing it up to F.H.A. standards. the property could then be sold after a week’s labor or so. Good Luckk ;]

(Arent I just about the Coolest person you know right about now?)

]]> By: JP Moses http://reitips.com/fha-seasoning-suspended/comment-page-1/#comment-89 JP Moses Tue, 15 Jul 2008 21:12:47 +0000 http://reitips.com/?p=142#comment-89 <a href="#comment-87" rel="nofollow">@Brian Schweizer</a> - Thanks for the update, Brian! So I guess it's more proof that the FHA seasoning waiver isn't quite the boon for investors that we initially thought. Maybe if (when?) the feds take them over, things'll change again! ;) My best, ..jp @Brian Schweizer – Thanks for the update, Brian! So I guess it’s more proof that the FHA seasoning waiver isn’t quite the boon for investors that we initially thought. Maybe if (when?) the feds take them over, things’ll change again! ;)

My best,

..jp

]]> By: JP Moses http://reitips.com/fha-seasoning-suspended/comment-page-1/#comment-148739 JP Moses Tue, 15 Jul 2008 21:12:00 +0000 http://reitips.com/?p=142#comment-148739 <a href="#comment-87" rel="nofollow">@Brian Schweizer</a> - Thanks for the update, Brian! So I guess it's more proof that the FHA seasoning waiver isn't quite the boon for investors that we initially thought. Maybe if (when?) the feds take them over, things'll change again! ;) My best, ..jp @Brian Schweizer – Thanks for the update, Brian! So I guess it’s more proof that the FHA seasoning waiver isn’t quite the boon for investors that we initially thought. Maybe if (when?) the feds take them over, things’ll change again! ;)

My best,

..jp

]]> By: Brian Schweizer http://reitips.com/fha-seasoning-suspended/comment-page-1/#comment-87 Brian Schweizer Tue, 15 Jul 2008 17:37:04 +0000 http://reitips.com/?p=142#comment-87 Well after weeks of being strung along by the FHA Lender they finally decided that we dont qualify for the waiver, even though they said back in June that we did and made us resubmit with June dates. Im getting so frusterated at this point if it was the seller jerking us around I'd have told them to get lost, but its our own lender =( The investment company that bought the house, as far as I can tell, has no affiliation with the Lender that had the foreclosure title. 3.5+months so far how much longer can we possibly get strung along.... Well after weeks of being strung along by the FHA Lender they finally decided that we dont qualify for the waiver, even though they said back in June that we did and made us resubmit with June dates. Im getting so frusterated at this point if it was the seller jerking us around I’d have told them to get lost, but its our own lender =( The investment company that bought the house, as far as I can tell, has no affiliation with the Lender that had the foreclosure title. 3.5+months so far how much longer can we possibly get strung along….

]]> By: Brian Schweizer http://reitips.com/fha-seasoning-suspended/comment-page-1/#comment-148738 Brian Schweizer Tue, 15 Jul 2008 17:37:00 +0000 http://reitips.com/?p=142#comment-148738 Well after weeks of being strung along by the FHA Lender they finally decided that we dont qualify for the waiver, even though they said back in June that we did and made us resubmit with June dates. Im getting so frusterated at this point if it was the seller jerking us around I'd have told them to get lost, but its our own lender =( The investment company that bought the house, as far as I can tell, has no affiliation with the Lender that had the foreclosure title. 3.5+months so far how much longer can we possibly get strung along.... Well after weeks of being strung along by the FHA Lender they finally decided that we dont qualify for the waiver, even though they said back in June that we did and made us resubmit with June dates. Im getting so frusterated at this point if it was the seller jerking us around I’d have told them to get lost, but its our own lender =( The investment company that bought the house, as far as I can tell, has no affiliation with the Lender that had the foreclosure title. 3.5+months so far how much longer can we possibly get strung along….

]]>