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Attention Investors - FHA Temporary Waiver of Regulation on Property Flipping
On Nov. 29, 2012, FHA announced it is extending the availability of the temporary waiver of its regulation 24 CFR?
203.37a(b)(2), which prohibits the use of FHA financing to purchase single family properties that are being resold within 90 days of the previous acquisition. This waiver, which was first issued in January 2010, has been extended for an additional two years to Dec. 31, 2014. FHA hopes this waiver will encourage investors to renovate foreclosed and abandoned homes to increase the availability of affordable homes and stabilize communities that have seen high foreclosure activity.
This is great news for Anderson and Greenville area investors!! Ready to buy an investment property in Anderson or Greenville SC? Contact us today for a list of available Investment properties for sale in the area, or clink on the links below to view foreclosure listings available today!
Anderson SC Foreclosures ? ? ? ? ? ? ? ? ? ??Greenville SC Foreclosures?
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