FHA’s 90-Day Seasoning Requirement is Temporarily Lifted
January 19, 2010 by Victoria Stankard · Leave a Comment
HUD announced that it will temporarily suspend the 90-day seasoning requirement (waiting period) for property re-sales financed with FHA loans. The 90-day wait has made it more difficult for FHA borrowers to bid on foreclosures, thus, slowing down the housing recovery. Why the 90-Day Seasoning Requirement was Established The reason why HUD established the 90-day wait in 2003 [...]
Leigh Brown, aka The Real Estate Diva, is a native of Concord NC in the Charlotte area. She grew up on a farm at the edge of Cabarrus County, still goes to the same church she grew up in (home of the world famous Mallard Creek Barbecue!), but has become a leader in area real estate through constant learning and continually upgrading technology to better serve buyer and seller clients. Leigh does indeed have a reputation as a barracuda-when it comes to protecting client interests. Her softer side is reserved for her husband and two kids who provide a constant source of joy-and entertainment
