Posted by Dave T on July 05, 2008 at 20:27:40:
You may want to confirm your understanding. The moratorium only applies to the lenders’ marketing agents when they are selling REO property.
Does not apply to the investor who buys the property to flip. Nor does it apply to the investor who purchases at the courthouse auction. Unfortunately for us typical investors, the 90 day title seasoning rules are still in effect when our buyers want to use FHA loans.
New FHA requirements - Posted by blanchar
Posted by blanchar on June 30, 2008 at 18:50:49:
I have been doing short sales for a while now and have been successful so far. I am unsure how to continue with FHA’s new requirements in august. Anyone run into this and how are you getting around it?
Please share - Posted by Natalie-VA
Posted by Natalie-VA on July 06, 2008 at 07:44:24:
What new FHA requirements are you referring to?
–Natalie
Re: New FHA requirements - Posted by Dave T
Posted by Dave T on July 03, 2008 at 14:54:29:
Are you referring to the title seasoning requirements that have been around since 2003?
Re: New FHA requirements - Posted by adam
Posted by adam on July 04, 2008 at 21:26:18:
i am an FHA mortgage broker. if that is what you are referring to; they have suspended that for 1 year. so no seasoning