FHA EXTENDS SUSPENSION OF ‘ANTI-FLIPPING’ RULE FOR ANOTHER YEAR
For quite some time the FHA frowned upon financing for buyers purchasing homes from sellers who had owned the property for less than 90 days. The idea was to prevent speculators from defrauding the government through quick flips of houses — often involving straw buyers and corrupt appraisers — at heavily inflated prices. In Central …
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