The Delayed Financing Rule If you’ve purchased property within the past six months whether it was for investment purposes or as your primary residence, you are now eligible for a cash-out refinance. Prior to this program an applicant had to be on title of the subject property to be able to cash-out on any equity. …
-
Cash-buyer, Refi Next Day and Get Your Money Back
Posted Jan 31st, 2012 By stevechava_admin in Blog With | No Comments
-
FHA Anti-Flipping Waiver Extended
Posted Jan 10th, 2012 By stevechava_admin in Blog With | No Comments
Property flippers and Real Estate agents who represent flippers have something to celebrate. FHA has extended the temporary property flipping waiver announced in 2010 to December 31, 2012. The temporary waiver removes the restriction that prohibits FHA financing of properties being sold within 90 days of seller acquisition. Under FHA’s temporary guidance, all sellers and …