January 18, 2010
In a move intended to help banks move REO (foreclosures) off their books faster, FHA will be lifting the 90-day seasoning requirement it instituted back in 2003 to combat predatory lending and flipping.
Real Estate Flippers Start Your Engines
The change will take effect on February 1, and will last for at least 12 months. You may [...]
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June 17, 2008
The news is spreading fast… the FHA has lifted the 90-day seasoning requirement! Unfortunately, much of the news is incomplete or inaccurate. Here’s the real deal…
What is this all about? Since 2003, the FHA has required that a house is “seasoned” for 90 days before resale. So, after closing on a property, you have to wait 90 [...]
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