One issue with flipping homes in this market is that the majority of new loans are FHA insured. FHA requires a 90 day “holding” period when title transfers to a new owner before they will insure a loan. Having to sit
Foreclosure floodgates may soon give way as the nation’s leading mortgage lenders lift their recent foreclosure suspensions and move those borrowers that are ineligible for federal programs on through the property repossession process.
Continue reading about Lenders Step Up Foreclosures As Moratoriums Expire