February 11th, 2011 David Finkel (Taxloopholes.com Advisor)
HUD just announced that it is extending the FHA flipping rule for at least one year. prescription medications Traditionally FHA requires the owner of a property to have owned the property for at least three months prior to selling that property to a buyer using FHA financing. Due to the housing crisis and the surge in FHA financing, HUD lifted this guideline temporarily to help move housing inventory to investors who could in turn “flip” the properties to longer term homeowners. This latest extension is a victory for investors and end buyers alike and should help the long term housing recovery. Hopefully HUD has a few more tricks up their sleeve this year to speed up recovery. Stay tuned.