The FHA has extended the temporary property flipping waiver announced in 2010 to December 31, 2014. This temporary waiver removes the restriction that prohibits FHA financing of properties being sold within 90 days of seller acquisition. Read more from Realtor Magazine about the anti-flipping waiver here.
This is great news for residential real estate investors, rehab & resellers, and the end buyers who are looking for a turnkey home with low down payment financing. This is an overall win for housing.