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Hello
Our understanding is that they 90 day ‘flipping rule’ was rescinded as of 2/2010 for a year.
What lenders are people finding that will loan within this 90 day period?
We have a property that deed recorded 2/8/10 so we are a ways away from day 90 and when that does roll around, the buyers would miss the first time homebuyer credit.
Again, names of lenders that are following the new guideline would be much appreciated.
Thank you
Warmly
Steve
Steve
I don’t know which lenders. Talk to a mortgage broker who works with a LOT of lenders.
Plan B — you could sell to your buyers with seller financing so they still qualify for the first time
home buyer $8k tax credit, then they could refinance later.
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