HUD Temporarily Waives FHA 90 Day Policy to Move Foreclosed Homes

January 22nd, 2010

In an attempt to move foreclosed properties more quickly, HUD has temporarily waived the 90-day ownership guideline, making these foreclosed properties available to FHA homebuyers. RISMedia reports that: In today’s market, FHA research finds that acquiring, rehabilitating and reselling these properties to prospective homeowners often takes less than 90 days. Prohibiting the use of FHA [...]