FHA has rescinded its 90 days anti-flipping rule for 1 year!

Short sale and REO flipping are becoming more and more accepted by the government and major
lending institutions.  This is evidenced, among other things, by Freddie Mac’s recent bulletins, updated credit policies by
Wells Fargo to allow for C buyer financing, and revised title bulletins stating that the C purchase price does not need to be revealed to the A lender as long as certain disclosures are made.

The FHA has rescinded its 90 anti-flipping rule and will, for a period of 1 year, allow FHA buyers to obtain loans
on properties that have been recently purchased by investors.

Click here for the official announcement.

There is a lot of free information available to you about buying, selling or investing in Downtown Minneapolis condos. For complete information about the Downtown Minneapolis condo market including current Minneapolis condos for sale, values, and more please visit the most complete website online dedicated to everything Downtown Minneapolis condos at www.LivingInDowntownMinneapolis.com. Contact me with any of your condo or mortgage related questions today. Call 612-735-6834 or email mike@mikeweiland.com.

P.s. For instant and unlimited free search of Downtown Minneapolis condos click here to begin your search now!