Arizona Home Buyers can still use FHA loans on flipped homes
Arizona Home Buyers can still use FHA loans on recently flipped homes. HUD has confirmed thaty they have extended the FHA anti-flipping waiver for another year. Homes that have been purchased less than 90 days ago and are on the market for sale are eligible for FHA financing until December 12th 2012.
This anti-flipping waiver has been a big hit for Arizona home buyers, allowing them to purchase homes that were recently acquired by investors and individuals at the court steps through the foreclosure process.
Here is the HUD release if you wish to read it.
January 3, 2012 by Eddie Knoell · Leave a Comment
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