Comments on: Breaking News! FHA 90 Day Rule, Lifted until Feb 1 – 2011

By: Steve

Steve — Sun, 28 Mar 2010 03:12:15 +0000

90 days from when it records. California is nice in that department where stuff records the same day most of the time.

By: kay reed

kay reed — Sun, 28 Mar 2010 02:25:35 +0000

so is it 90 days from purchase date or 90 days from recordation?

By: Mark

Mark — Sun, 21 Feb 2010 21:49:26 +0000

This “exciting” time has turned out to be nothing more than exciting times for cash investors. Banks are still not recognizing the overturned 90 day rule. FHA buyers are still one lump sum behind the cash investor. Big load of BS if you ask me.

By: Susan

Susan — Sat, 06 Feb 2010 19:55:36 +0000

If the new purchase price is more than 20% higher than the seller’s acquisition cost, improvements must be documented. I think this will go a long way toward making homes habitable and sold. While this rule is slated to stay in effect until 2-1-2011, there’s a unique opportunity in early 2010 with rates low and first-time homebuyer credits still in place.