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Updated almost 10 years ago on . Most recent reply

90 day flip rule - quit claim to S Corp??
I bought a FNMA REO with a 90 day deed restriction. My 90 days has passed and I'm ready to list the home for sale.
I'd like to quit claim the property into my S Corp but I'm wondering if this will start the clock over for FHA buyers. Will I have to wait another 90 days if I have a FHA offer come in???
Any experience is appreciated.
Thanks
Most Popular Reply

Wayne Brooks
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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Yep.