You heard me right – FHA has ELIMINATED their 90-day seasoning requirement.

This is HUGE for investors, especially those of us who are smart enough to be doing short sale flips.

Here is a link to the release on the official HUD site: http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf

Check back soon for a full description of the new rules and their impact on the market!