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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: HUD/FHA law change. Good idea to request proof from buyer? Posted by Alfred--SoCal on January 19, 2010 at 11:40 PM Just bought an REO to rehab and flip in LA. Happy the HUD/FHA flipping rule will change next month. Altho the 20% clause still can cause a problem. As a safety factor before entering into escrow with a buyer, do you think it would be prudent (and acceptable) to request from the potential buyer that they give you written proof from their lender that the lender does not have any title seasoning requirements? Follow Ups: No lenders yet identified. CCinOC 1:59 PM, 01/20/10 (4) Dust Not Settled...I guess! Richard 4:26 PM, 01/20/10 (3) One lender on board CCinOC 12:39 AM, 01/22/10 (2) Re: One lender on board Great news.... 5:16 PM, 01/22/10 (1) Re: One lender on board CCinOC 1:50 PM, 01/23/10 (0) Re: HUD/FHA law change. Good idea to request proof from buyer? Geri 9:31 AM, 01/20/10 (1) Re: HUD/FHA law change. Good idea to request proof from buyer? CCinOC 2:06 PM, 01/20/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Just bought an REO to rehab and flip in LA. Happy the HUD/FHA flipping rule will change next month. : Altho the 20% clause still can cause a problem. : As a safety factor before entering into escrow with a buyer, do you think it would be prudent (and acceptable) to request from the potential buyer that they give you written proof from their lender that the lender does not have any title seasoning requirements? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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