Extension of FHA “Flipper” Rule Good News For Buyers & Sellers Alike

While the FHA declared its waiver on insuring mortgages on properties owned by the seller for less than 90 days a temporary measure to help the foreclosure-plagued U.S. housing market, it has continually extended this waiver since 2010.  This indicates the strategy has been successful in promoting quick turnovers of such properties from small-time “flippers” […]
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FHA Eases Condo Financing Rules

In good news for those in the condo market, the Federal Housing Administration has revised its rules for condo financing, undoing years of frustration at rules that made most condos ineligible for FHA loans and their benefits.  The changes were issued and came into effect on September 13, 2012. The FHA requires that certain aspects […]
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