Investor Alert Teton Valley Idaho

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    Just FYI, word on the street is after Dec 21, FHA will not finance properties that have been owned by the seller less than 90 days.  So there is now a 90 day waiting period for people flipping properties if the buyers are going FHA.

     

    This won’t affect anything if the buyers are going conventional.

     

    It used to be if the property has been owned less than 90 days by the seller and the buyer was going FHA, we would be required to get two appraisals.  So now that will no longer be an option.  We will have to wait 90 days.

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