90 Day No Flip Rule Waived

Investors are now exempt from the 90-day seasoning rule. The datailed rules can be found here:

90 DAY FLIP RULE WAIVED

This will allow investors that have purchased FHA repos to put them on the MLS or By Owner networks much sooner. This should offer some good properties much sooner, move in ready as compared to Short Sales and Bank Owned - providing the investor cleans up the properties after his purchase.

The incentive for the investor is a quick return on his investment and increases the rate at which foreclosed homes are returned to the market in move in condition.

Let's hope it works as intended!