For another whole year, through Jan 2012!
What does this mean exactly ?
Homes that were purchased (by Investors) and resold aka “flipped” (usually for profit) . . will be allowed with certain restrictions even if the home is being resold within 90-days of the Seller (investor) acquiring it.
This helps the housing market by providing affordable financing with flexible terms for thousands of homes which would otherwise only be financeable with CONV or other types of financing.
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