Home ‘Flippers’ Get a Break as FHA Pushes Foreclosure Sales
DIANA OLICK | CNBC
Starting today home “Flippers” are now welcome at the FHA.
That’s right, with a glut of foreclosures plaguing the nation’s neighborhoods, the FHA is temporarily removing restrictions on investors who buy and sell homes within 90 days.
It’s just for one year, but Flippers are no longer persona non-grata with the government…