Property Flipping
New guidelines have been imposed in instances when the transfer of title is not to an REO company or lender. A contract cannot be written on a property that was purchased by an investor or investment company for 90 days after the date of the recording of the new title.
Appraisals are no longer good for 180 days; it has been reduced to 120 days.
FHA Fixed: The minimum cdredit score was increased from 580 to 600
FHA versus Conventional and Cash offers on REO competitive bid transactions have slim opportunities
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