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HUD to suspend 90 holding rule

Posted by Steele V. Propp on January 17, 2010 at 12:26pm in Short Sale Discussions
Starting Feb 1st HUD will suspend it's requirement that a property be held by an owner for 90 days before being eligible for FHA financing. This suspension should open the market to more investors who were reluctant to buy and fix properties with the intent to sell within a shorter time frame. To read the full HUD press release please visit: http://bit.ly/8HUA7X To see the actual HUD waiver visit: http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf This information is flowing over the investor sites like a tidal wave. Great news for investors, short sale sellers and the agent community. Steele

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Replies

  • Carrie Haymond January 25, 2010 at 6:27pm
    Great news thank you for sharing this with all of us!
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