Archive for January, 2010
New 90-Day FHA Flipping Waiving Rule-Opens New Doors to First-Time Buyers!
January 22nd, 2010 categories: Real Estate news
Welcome to 2010 and its great opportunities in housing! With our real estate industry having changed so much, we all need to stay updated on a daily basis. For instance, the new FHA rule can bring more buyers into the market so that they can take advantage of the $8,000 first time buyer credit or $6,500 for exsting homeowners who upgrade or downsize their home.
I embrace all the changes so much that beginning January 1, I left Re/Max Gold and opened my own real estate company DYNAMIC REAL ESTATE in Carmichael, but my agents and I are serving Sacramento County, Placer, Yolo and El Dorado Hills.
Anyway, I’m excited to report that all FHA buyers will greatly benefit fromthe new law that HUD just passed. Due to the waiving of the 90-day flipping rule for investor-owned properties, buyers can now have a bigger selection, as investors/flippers will be able to accept FHA buyers and still close quickly. Before they were not willing to wait more than 90 days, so now the doors are open to the wonderful oportunity of homeownership.
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