Property was a foreclosure and then the bank took the property back. Can this go FHA now or is it a problem for the FHA anti-flip rules?
Let's look at the requirements for FHA and property flipping. It must be within ninety-days and then it is a big no0no. If after 90 days then maybe it is ok. What is the property is bank owned REO and then is thebank trying to flip the property or is that not considered an FHA Flip.
FHA Flipping Rules