Denver fix and flips

By Kristal Kraft Denver Realtor | Published: June 13, 2006

Washingtonparkcondos_058_2 The U.S. Department of Housing and Urban Development has tightened regulations that will effect Denver fix n flippers and actually investors who practice "flipping" in any area.

New rules require the owner must own the property at least 90 days prior to being able to resell it with an FHA loan.

The rule goes into effect July 9, 2006.

As always there are a few exceptions: HUD itself, Fannie Mae, Freddie Mac, lenders selling real estate owned properties (REOs), local or state housing agencies, nonprofits with HUD permission to purchase discounted real estate-owned properties, inherited properties and dwelling located in presidentially declared disaster areas.

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About the Author

Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog

Related posts:

  1. Fix and Flips Rise Again in Denver
  2. Flippers given a stay of execution!
  3. Denver Real Estate Sales Statistics – July 2007
  4. Denver and National Trends
  5. Denver’s real estate

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