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Updated over 17 years ago on . Most recent reply

User Stats

78
Posts
10
Votes
Jay Feldman
  • Real Estate Investor
  • East Lyme, CT
10
Votes |
78
Posts

Need help fas Flip with FHA end buyer

Jay Feldman
  • Real Estate Investor
  • East Lyme, CT
Posted

This is my first post. This forom is excellent.
I am not sure if this is the right place to post this but I am working a short sale deal and the end buyer will be using an FHA loan to purchase. I have read that with FHA the seller has to be the "owner of record" and they have had to own it for at least 90 days. I want to double close this but I am not sure what vehcle to use. I assume there must be away around this. The rules are to prevent preditory lending and excessive profit this is an honest deal with a reasonable profit. Please help.
Thanks
Jay

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