FHA Extends Flipping Waiver through 2012
Fha has very recently announced that it is extending the availability of the Waiver relating to property flipping through 2012. As a result of the high foreclosures that have been taking place, FHA, through the regulatory waiver, encourages investors specializing in acquiring and renovating properties to renovate foreclosed and abandoned homes and resell them to home buyers. The objective of this is to increase the availability of affordable homes while stabilizing home prices in neighborhoods and communities where foreclosure activity has been high.
