Archive for January 16th, 2010

HUD to suspend “90 day rule”

January 16, 2010

Maybe you didn’t know that you can’t use an FHA loan to purchase a property that has been owned by the seller for less than 90 days. Or at least, that’s the rule until February 1. The purpose of this rule is to prevent “flipping,” buying a property and then immediately turning around and selling [...]

Tags: , ,
Posted in Mortgage and Financing 1 Comment »