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February 1 rule to allow FHA borrowers to make offers on foreclosed properties According to a January 16 report in the North County Times, the FHA has announced a one-year reprieve from the administrations “anti-flipping” to start in affect on February 1, 2010.The anti-flipping rule was instituted in 2004 as an attempt to prevent ...
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Plus tips to make your FHA offer stand outby Brian FlockThe US government stimulus programs were in part designed to increase home ownership and to decrease home foreclosures. In support of this, Federal Housing Association (FHA) loan limits have nearly doubled to nearly $700,000 in San Diego County (see graphic) and yet still require less than a ...
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