Flippers given a stay of execution!

By Kristal Kraft Denver Realtor | Published: June 19, 2008

Good news for investors who want to capitalize on current market conditions. FHA has announced:

In an effort to facilitate the sale of bank-owned properties, the Federal Housing Administration (FHA) has temporarily suspended its 90 day rule against flipping properties. Under the anti flipping rule, the FHA will not insure a mortgage loan if the sales contract is executed within 90 days of the seller’s acquisition of the property. Effective June 9, 2008, the anti flipping rule has now been waived for one year for properties acquired by lenders.

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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. Denver fix and flips
  2. Metro Denver Real Estate Market Report ~ July 2011
  3. Metro Denver Real Estate Trends – September 2011
  4. Metro Denver Real Estate Trends – August 2011
  5. The Foreclosure Hunt

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  • Welcome to Denver Dwellings where I write about Denver real estate trends, where to live, eat, play and how to buy or sell a house in Colorado. This part of the world is where I call home, it is a place I love and I hope that joy shows through!