FHA lifts 90-day waiting period

Anti-property-flipping measure waived for one year

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Inman Connect New York | January 29 - February 1, 2019

Starting Feb. 1, housing regulators will suspend for one year a 90-day waiting period on property resales that it says has put FHA borrowers at a disadvantage in bidding on foreclosed properties.

The waiting period on FHA financing of resales was implemented in 2003 to protect the Federal Housing Administration’s mortgage insurance program from the impacts of home flipping.