Well I almost was ready to swing from the rafters! Then all of a sudden reality struck!
It seems the 90 Day FHA Seasoning Lift for 1 Year only applies to properties acquired from foreclosure. That means it really doesn’t affect short sale properties.
Download HUD Flipping Guidelines for 90 Day Seasoning Lift
WHAT ARE YOUR THOUGHTS [...]
Yup… you read that right!
This is going to be an AMAZING here especially for all us short sale investors. Just think how many different programs FHA provides first time buyers to qualify to buy a house. Now take those buyers and match them up with all your short sale approved houses and what do [...]
Cory Boatright is an expert in Short Sale Negotiation and Loss Mitigation. He and his wife Crystal(also his business partner) own several companies, including a Nationwide Loss Mitigation and Short Sale Company with a team of 5 full-time Debt Negotiators, have bought and sold millions of dollars in single family residences, duplexes, commercial property and land.
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