FHA requires a property to be owned by the seller for at least 90 days before they can “flip” the property to a buyer using FHA financing. Don’t blow up your deal by getting the dates wrong on the purchase and sale! Contact me and I’ll walk you through the details.
Related Article Title: FHA – Timeline for Flipping Rule – What exact date does FHA use to determine the 90-day rule for property flipping? Answer: Per the guideline below, you have to measure from the date the seller legally owned the property to the date the buyers executed the sales agreement. You will need to discuss […]