June 29th, 2010 2:51 PM by Sharon Mason
With all of the great Real Estate deals in our marketplace we are seeing more and more transactions fall under the category of a “FLIP.” I have attached a chart to this email in an effort to help you better serve both your investors and buyers when dealing with a flip. The document contains all of the basic guidelines for a flip for each type of loan available.
In short, flips are allowed on all of the basic types of loans (Conv, VA, FHA and USDA) available today. Each has a few simple rules that need to be followed in order to successfully sell/purchase a recently flipped property.
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