http://fhaloansoregon.com ***Not sponsored or affiliated with HUD or FHA Thu, 03 May 2012 00:29:44 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 http://fhaloansoregon.com/2010/01/18/huds-anti-flipping-rules-change-feb-1/ http://fhaloansoregon.com/2010/01/18/huds-anti-flipping-rules-change-feb-1/#comments Mon, 18 Jan 2010 20:33:20 +0000 Fred Chamberlin http://fhaloansoregon.com/?p=446 HUD’s Anti-Flipping Rules Change Feb. 1 is a post from: FHA Loans Oregon

]]> HUD announced Friday that the rules on flipping homes will be changing Feb. 1. This could have a huge effect on the Eugene/Springfield, Lane County Oregon market. This is being done in an effort to stabilize home values and improve conditions in communities where foreclosure activity is high according to HUD Secretary Shaun Donovan. I see this as being a boon to our are in getting rid of more of the foreclosures that have been plaguing our market. Under current rules, foreclosures that were still owned by the banks that purchased them could be bought with an FHA loan but any that were purchased from the bank had to be owned for 90 days before an offer could be made on them for an FHA loan. Read More

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