FHA Extends The Less Than 90 Day Flip Rule for 2011 in Arizona
FHA 90 Day Flip Rule Is Extend For the Year 2011 in Arizona
HUD has informed us that they are going to extend the FHA 90 day seasoning financing rule for buyers & sellers in the greater Phoenix & Arizona area. This obviously will be extended to all states in the U.S.
What does this mean for you as a buyer?
The extended FHA 90 Day Flip Rule will allow you to purchase a home that was currently purchased, in the most recent 90 days, by an investor and sold for a profit. Read more about FHA Less Than 90 Day Rule for borrowers.
What does this mean for an investor/ seller of a property that is seasoned for less than 90 days?
To learn more on what the FHA 90 Day Rule for sellers/ investors, click here for more information.