Monday, April 7, 2008

I Don't Give a Flip (FHA of course)

Flip this FHA loan! That was the name of the fha loan flipping until fha changed the flipping ruls on us. Now we are not allowed to flip a property that has an fha loan for the new buyer. This makes sense for fha and the flip rules because the flip is not the best idea for someone that has a buy and hold strategy and not an fha loan with the flip strategy.

More confusing than this article is the fha flip rules that were described by HUD and the mortgagee letter cited.

FHA Flipping Seasoning

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