FHA Waiver Extended to 2014

December 23, 2012 · 0 comments

The waiver for the FHA 90-Day Flip Rule (click here to read about the 90-Day Rule and waiver) was once again expiring this month, and once again has been extended by the FHA through the end of 2014.

To put it simply, this means that investors who want to resell to FHA buyers still have the ability to complete their deals, even if the seller hasn’t owned the property for at least 90 days (the original rule was that the seller needed to own the property for 90 days before reselling to an FHA buyer). While the waiver extension was expected, it’s still great to hear officially, as this waiver has been one of the keys to our success over the past three years — being able to buy and resell quickly alleviates many of the risks associated with house flipping.

Here is an article from the National Association of Realtors (NAR) on the extension:

FHA OKs 2-Year Extension to “Anti-Flipping” Waiver

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