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HUD removes 90 day waiver for resales

Posted By Chris On January 27, 2010 @ 6:38 pm In Financing | 1 Comment

See the HUD press release: [1] U.S. Department of Housing and Urban Development (HUD) press release

This is great news as flippers no longer need to hold a property for 90 days before they can turn around and sell to a buyer who’s using FHA financing. Honestly, I’m not sure why HUD even had this rule to begin with! Please enlighten me…

Article printed from CNA Capital, LLC: http://cnacapital.com

URL to article: http://cnacapital.com/2010/01/27/hud-removes-90-day-waiver-for-resales/

URLs in this post:
[1] U.S. Department of Housing and Urban Development (HUD) press release: http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisori
es/2010/HUDNo.10-011

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