Comments on: FHA Revises ‘Anti-Flipping’ Rule | Valerie Fitzgerald | Beverly Hills & West L.A. Real Estate http://losangelesrealestatetalk.com/2010/02/05/fha-revises-anti-flipping-rule-valerie-fitzgerald-beverly-hills-west-la-real-estate/ Los Angeles Real Estate Talk is a blog covering luxury real estate and industry-related news about West Los Angeles neighborhoods. Tue, 29 Jun 2010 22:23:02 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: jp moses http://losangelesrealestatetalk.com/2010/02/05/fha-revises-anti-flipping-rule-valerie-fitzgerald-beverly-hills-west-la-real-estate/comment-page-1/#comment-142 jp moses Fri, 05 Feb 2010 16:51:49 +0000 http://losangelesrealestatetalk.com/2010/02/05/fha-revises-anti-flipping-rule-valerie-fitzgerald-beverly-hills-west-la-real-estate/#comment-142 There are some caveats to this for investors, not the least of which is the "20% rule". Also, folks should realize this isn't a revision. It's a 1 year waiver of the 90 day no-flip rule. On Feb 2, 2011 it'll all go back to the way it was...in spite of the fact that the FHA ITSELF acknowledges the seasoning rule is a hamper to healthy community redevelopment. I put together a concise executive summary of the FHA waiver on my blog if you're interested. ...jp There are some caveats to this for investors, not the least of which is the “20% rule”.

Also, folks should realize this isn’t a revision. It’s a 1 year waiver of the 90 day no-flip rule. On Feb 2, 2011 it’ll all go back to the way it was…in spite of the fact that the FHA ITSELF acknowledges the seasoning rule is a hamper to healthy community redevelopment.

I put together a concise executive summary of the FHA waiver on my blog if you’re interested.

…jp

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