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No way around FHA's 'flipper' rule

By Tara-Nicholle Nelson, Friday, November 6, 2009.
Flickr photo by <a href="http://www.flickr.com/photos/lindyy/2572166160/">lindyireland</a>.

Q: Please explain why the Federal Housing Administration (FHA) will not allow a buyer to purchase a home that was sold within the previous 90 days? We have asked this question numerous times and everyone just goes around it and says FHA will not allow this type of loan.

We have seen several properties that we really want, but we keep being rejected because we have to go FHA (we have only a 3.5 percent downpayment). Why is this a rule? Are there any ways to work around it?  more...

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Real Estate Q & A

Where do I get information on IRS publications?

The Internal Revenue Service publishes a number of real estate publications. They are listed by number:
* 521 "Moving Expenses"
* 523 "Selling Your Home"
* 527 "Residential Rental Property"
* 534 "Depreciation"  more...