Good News for Real Estate Investors & First Time Buyers..
The FHA has eased it's anti-flipping rules by waiving the 90 day rule as of Feb 1st 2010 . That means real estate investors seeking foreclosed properties to fix and sell can now obtain mortgage insurance for some purchases and be able to flip the property even if they hold it for under 90 days. That will translate into more affordable first time home buyer homes eligible for FHA financing , and more investors. The first-time home buyers tax credit expires April 30, 2010.