Updated over 9 years ago on . Most recent reply
90 day resale period for MLS porperties
Does anyone know in NJ, that if a property is brought from the MLS, that it can not be resold for 90 days. I heard that is called a seasoning period, but is that still active or did it end? I am working on a wholesale deal right now but no contract has been signed yet, I just want to make sure than I can get it under contract and have my buyer double close on it immediately.
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
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They were likely referring to if the buyer was using FHA financing, which has a 90 day seasoning requirement. On or off MLS is irrelevant.