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Cases Not Subject to Property Flipping Rules |
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The 90-day flipping rules do not apply to foreclosures within the last three years. Also, the automatic 90-day (and 91-180 day) property flipping exemption applies to cases with any of the following characteristics: |
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Program Type is REO (HUD Real Estate Owned) |
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Program ID is 36 Construction/Permanent |
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Construction Type is Proposed or Under Construction |
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In addition, authorized HUD personnel can manually waive the 90-day property flipping rule for FHA case numbers assigned before September 15, 2015 that are deemed eligible for the property flipping waiver. |
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