FHA buyers now free to collude with flippers

by Eric Chang on January 25, 2010

Okay, okay…you’ll have to excuse the title’s cynicism. You know how I feel about flipping.

Guess what? HUD put a one-year moratorium on the FHA 90-day anti-flipping rule. So come February 1st, expect to see more FHA buyers writing offers.

It seems quite a silly move, considering the predicament the FHA currently faces .

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