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Foreclosure Forum |
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Re: 90 rule news?In Reply to: Re: 90 rule news? posted by bukzin on January 20, 2010 at 7:29 PM
An A to C transaction is where you, the investor, don't actually take title to the property, but merely assign your interest to an end buyer. In that circumstance, you don't have to purchase the property. Under the new FHA rule, you must first purchase the property, even if you can sell it to another buyer the next day.
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