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FHA fails to extend flip waiver beyond 12/31/14

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

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