FHA’s 90-Day Seasoning Requirement is Temporarily Lifted
Posted by Leigh Brown on Jan 19, 2010 in Home Financing Information, Real Estate News | 0 comments
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...
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Leigh Brown has distinguished herself as a leader in the Charlotte real estate market. Leigh assists buyers looking for Charlotte real estate for sale and aggressively markets Charlotte homes for sale. Leigh is also a Certified Distressed Property Expert (CDPE), avoid foreclosure and short sale expert, committed to helping families in financial hardship find options to foreclosure. For more information you can visit Forforeclosurehelp.com or Avoidforeclosureincharlotte.com. You can reach Leigh by filling out the online contact form below or give her a call. Office: (704) 688-5005 Mobile: (704) 507-5500 Fax: (866) 440-7136 Broker: (704) 688-5000
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