FHA requires the seller to be owner-of-record for at least 91 days. If the seller is owner-of-record 90 days or less, the property is not eligible for FHA financing .If the seller has owned the property between 91 and 180 days, …
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Trust Your Lender » Blog Archive » FHA “Flip” Rule
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You can ask your lender for a loan modification at lower fees ,course that might trigger it being a recourse loan . Loan modifications have been around since the dawn of lending . I'm not talking about the relief modifications that are going on . For instance, let say you have ...... But the economists warn that by underestimating the risks it faces, the FHA has increased the likelihood that it will have to ask Congress for money for the first time in its 75-year history. ...