Investor Alert: FHA Financing for “Flipped” Houses

September 23, 2010 by Gabrielle · Leave a Comment 

In mid-January, 2010, the Department of Housing and Urban Development (HUD) issued a temporary waiver (good until February 1, 2011, or until extended or withdrawn) to give FHA borrowers the ability of obtaining an FHA-insured mortgage on a home that was purchased less than 90 days previous. What this means is that a Buyer can [...]

Don’t Move Money Around

October 22, 2009 by Gabrielle · Leave a Comment 

I sometimes hear frustration from buyers who are being asked to produce the papertrail that supports the source of the  money being used for the downpayment and closing costs. The underwriter (the person that issues final approval for your loan) requires this information as one method of eliminating the possiblity of fraud, to meet the requirements of investors with whom [...]