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Investor Report: Anti-Flipping Rules
by Kenneth R. Harney
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Here's some really good news for anyone involved
in acquiring, rehabilitating and reselling
foreclosed houses: The Federal Housing
Administration is temporarily waiving its
"anti-flipping" rules and will now insure
mortgages on properties that have been owned by
the current seller for less than 90 days.
The policy change opens up a potent resource -- the red-hot FHA fixed-rate mortgage program -- to investors and property disposition companies looking to move houses quickly off their books at a profit...»more«
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