FHA fails to extend flip waiver beyond 12/31/14
All sales contracts must be fully executed prior to 12/31/14 (11:59 pm) to be eligible for the 90 day flip waiver. Flip transactions less than 90 days old will not be eligible for FHA mortgages if the purchase contracts are executed after 12/31/14.
Should you have any questions , please contact your department manager.
Updated Matrices to be published in the Essex Coop