Are Foreclosed Properties Exempt from the Flipping Rule?
Question: Are foreclosed properties exempt from the FHA flipping rule? Answer: A foreclosure is exempt from the flipping policy when the entity selling the property is on the list of exceptions in the guideline below. MC Chart – Property Flipping Rules – All Agencies Reference:4000.1 II.A.1.b.iv.(A)(3) Exceptions to FHA property flipping restrictions are made […]