Question for rehabbers about FHA seasoning - Posted by MikeT

import · January 30, 2002, 5:48pm

Posted by MicheleCO. on January 30, 2002 at 20:52:33:

See, I told you I was a retard, I posted twice. LOL!

import · January 30, 2002, 5:48pm

Posted by MikeT on January 30, 2002 at 18:48:25:

This question is for the experienced rehabbers and flippers. I started investing last October and have done 3 rehabs thus far. My holding time is 2-3 months. I’ve sold FHA once and conv. 2x. I’ve been reading on this board about the FHA seasoning problems. I’m a bit confused because there doesn’t seem to be a definitive answer out their. Is this rule still under review or is it a done deal? I know that their are exceptions on a case by case basis. All of my properties are some type of distressed ownership. Either BANK owned or pre-foreclosure and I usually throw in about 10-20k in rehab. I think I fall under their exceptions. I’ve tried my attorney by she doesn’t seem to know. Any advice on the status of this and ramifications or further links for information would be greatly appreciated.

Thanks,

Mike

import · January 30, 2002, 7:51pm

Re: Question for rehabbers about FHA seasoning - Posted by michele larson

Posted by michele larson on January 30, 2002 at 20:51:13:

Here is a link:
http://63.249.149.234/cgi-bin/dcforum/dcboard.cgi?az=show_thread&omm=1&om=78&foru…
Sorry, I am a computer retard, if there is a shorter and better way to do this I don’t know it! MicheleCO.

import · January 30, 2002, 7:50pm

Re: Question for rehabbers about FHA seasoning - Posted by michele larson

Posted by michele larson on January 30, 2002 at 20:50:04:

Here is a link:
http://63.249.149.234/cgi-bin/dcforum/dcboard.cgi?az=show_thread&omm=1&om=78&foru…
Sorry, I am a computer retard, if there is a shorter and better way to do this I don’t know it! MicheleCO.