If you didn’t see the press release from HUD on January 15th, I’m sure you’ve heard about it’s talking points. This was the notice that explains HUD will be waiving their 90 day no flip policy on FHA loans. The waiver is scheduled to go into effect Feburary 1st, 2010 and last 1 year.
Ken Janzen of Counsel Mortgage talks more about the requirements needed to take advantage of this waiver.
