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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: FHA Insurance and FLIPPING Posted by JK on July 28, 2003 at 12:07 AM In Reply to: FHA Insurance and FLIPPING posted by Alex Leonard on July 27, 2003 at 1:42 PM : How widely enforced is the June 2003 approved federal law where a house cannot be resold within 90 days and get a loan gaurenteed with FHA insurance? Most of my sales will occur in less than 90 days needing FHA insurance type loans. Even at the 90-180 day period how difficult are the extra requirements? Why would most of your homes need "FHA insurance type loans"? We are doing zero FHA business in low income areas. Most of the banks are offering better than FHA financing up to 100% of the value with no MI using an 80/20 loan. Follow Ups: Re: FHA Insurance and FLIPPING Michael 1:13 PM, 07/29/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : How widely enforced is the June 2003 approved federal law where a house cannot be resold within 90 days and get a loan gaurenteed with FHA insurance? Most of my sales will occur in less than 90 days needing FHA insurance type loans. Even at the 90-180 day period how difficult are the extra requirements? : Why would most of your homes need "FHA insurance type loans"? We are doing zero FHA business in low income areas. Most of the banks are offering better than FHA financing up to 100% of the value with no MI using an 80/20 loan. Optional Link URL: Link Title: Optional Image URL: [ 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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