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Updated about 9 years ago on . Most recent reply
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90 day "seasoning" on a flip property
Good morning all,
I recently heard that a property purchased to flip in Georgia would require a 90 day "seasoning" period between the time purchased and when a loan cold be approved for the property for the buyer.
Does anyone have any information on this?
Thanks
- Chris
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Thanks @J Scott, solid feedback as usual.
I believe what I heard was probably referring to an FHA loan.
So, presuming it was not a Fannie Mae REO originally and the buyer is not using FHA, then there should be no "seasoning" period?
What is this restriction referred to? I searched "seasoning" but did not find much related to this specifically.
- Chris