Deed Change and FHA/Conventional loan requirements

If a deed can only change owners once a year, how do people flipping properties stay in business? FYI these are FHA and Conventional loan requirements.

gpoint

in Mortgage 14 years ago

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vthatcher | 14 years ago

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Thats a bank overlay-  FHA says you have to hold the property for 30 days.

vthatcher | 14 years ago

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Who told you this- its not true.

    Vanessa Thatcher _ATLANTIC HOME CAPITAL_ Tel: 631-687-3510 x106 EFax: 631-918-5222 Cell: 631-672-4113