BiggerPockets

Yes, if its an FHA loan. FHA loans require 90 days from the time you are on title until you sign a contract to sell the property using an FHA loan.

Not sure about VA.

Ok, thanks! Then, I'll scratch FHA buyers off the list for the first 90 days.

Renting out the property for 90 days is an option.

Buyers with commercial loans are still a viable option too.

HUDs mortgagee letter 06-14 states ....." FHA defines the seller's date of acquisition as the date of settlement on the seller's purchase of that property. The resale date is the date of execution of the sales contract by the buyer that will result in a mortgage to be insured by FHA.

As an example, a property acquired by the seller is not eligible for a mortgage to be insured for the buyer unless the seller has owned that property for at least 90 days. The seller must also be the owner of record. "

There is no mention in this letter the need for the deed to be recorded. Since it is the seller's choice which title company is used, perhaps using the same title company that did the original purchase would help? Reference this mortgagee letter, and inform all involved that FHA only requires proof of the closing date as suggested in the letter. If it turns out the lender requires the deed to be recorded, then they are "overwriting" the FHA guidelines, and at that point, there is nothing else to do but get it recorded. And, yes, I agree, recording is the key. But I can't imagine that any county is THAT busy that they can't record a deed in less than 90 days.

As you know, the letter I referenced was originally issued in 2006, But as a matter of fact I believe this was just released by one of my lenders..... FHA - TEMPORARY PROPERTY FLIPPING WAIVER EXTENSION. FHA has extended the temporary property flipping waiver that allows lenders and the property disposition firms they hire (or with whom they are affiliated) to sell properties on which they've foreclosed without regard to FHA's 90-day seasoning requirement. The waiver is in effect for loans with purchase agreements signed by the borrower and seller on or before May 10, 2010.

I hope this helps.

Not I, Will. I've never heard this and my experience is actually to the contrary. The lender always requests that I send in my original HUD-1 and that's what they go off of for my closing date and to make sure that I'm not making too much money :D (I love the government). Not sure why it would be any different in a different market. I just closed on an FHA yesterday, and the lender had set it up for 90 days from the original HUD-1 and not the recording date.