Updated almost 11 years ago on . Most recent reply
Reinstatement of Anti-Flip Rule
What is the creative solution around the re-reinstatement of the anti-flipping rule? Is owner financing the best solution or are there others? This would also be a great opportunity for small banks or some other lending institution to get into home mortgages geared toward financing for investors only.
Most Popular Reply
Chris - I assume he's talking about the expiration of the FHA 90-day rule waiver.
Michael - this only prisons to FHA loans, so the work around is to have your buyers go with conventional or VA loans. Owner financing would cause even bigger issues given Dodd-Frank and the SAFE ACT.