FHA has a “flipping rule” regarding the sale of recently acquired property. I have a great chart with the rules, restrictions and exceptions so comment below if you would like one!
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Answer: [tweet-start]Be careful when writing a contract on a property that has been recently acquired by a seller. There are flipping rules & we have the facts![tweet-end] FHA would consider this a flip so it won’t be eligible as an FHA transaction, unless it meets one of the exceptions below. Reference: Following are the only […]