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Tag >> Resale

FHA Waiving 90-Day Waiting Period

Posted by: Carleton Sheets in Resale, Rehab, Make Money in Real Estate, Flip, FHA on Jun 18, 2008.

I recently came across a headline that stated that the FHA (Federal Housing Authority) was waiving its 90-day waiting period for resales financed by FHA loans for one full year. Enacted in 2003, this 90-day "seasoning" period was introduced to prevent predatory lending practices and fraudulent flips ("overnight" flips, with dramatically higher sales prices).

However, in the current market,

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