In what many consider a long overdue move, the FAccording to the FHA, temporarily eliminating the “flipping” rule for buyers will allow the agency to more quickly dispose of its huge inventory of single family REO properties. This move is also predicted to stabilize property values and benefit neighborhoods and communities particularly hard hit by foreclosure.
Restrictions to the waiver do apply.
–There can be no prior agreement or collusion between the buyer and seller.
– If the sale price is greater than the purchase price by more than 20%, additional appraisal requirements will be required to justify the price increase.
More information on the FHA “flipping” waiver and other mortgage-related questions.HA has implemented a one-year waiver to its policy of requiring sellers to hold title for 90 days prior to entering into a sales contract with buyers seeking FHA financing.

For information on Indianapolis real estate, contact your Indianapolis REALTOR:
Pat Haddad, ABR, CRS, e-Pro, GRI
Haddad Team, Keller Williams Realty
317.578.1317
Pat@HaddadTeam.com