Tag: flipping exemption

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 […]

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