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FHA 90 Day Seasoning (the Flip Rule) Waived as of Feb 1st, 2010
YES, it's true! This waiver, which takes effect Feb 1st of 2010, is limited to those sales meeting the following conditions ....
here's the HUD link with specifics:
http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf