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F.C.Tucker 1st Team Real Estate BLOG about Northwest Indiana

Located in Valparaiso, Indiana... F.C.Tucker 1st Team Real Estate Blog shares Northwest Indiana Real Estate and Community Information For Lake County, Porter County, La Porte County in NW Indiana. Local Housing Information, Events, Festivals, Activities, Local Sports, Highlights about Local Business and living in the region. Commuting distance to the windy city of Chicago, many residents make the cities & towns and neighborhods of NWI Home Sweet Home.

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F.C.Tucker is Indiana's leading real estate company established in 1918. F.C.Tucker 1st Team Real Estate is the 32nd franchise office in Indiana serving the Northwest corner of the state of IN. Recent news and Stats include: F.C. Tucker is Ranked in the Top Ten Nationally for Agent Sales Productivity!! In the Realty Alliance, 55 of the top market leaders in the nation, Tucker agents rank #6 in sales productivity!! F.C. Tucker is a member of the Realty Alliance, a strategic alliance of the top 50 independent real estate companies in the nation. For 2010 F.C.Tucker was... - 17th in closed volume - 10th in "units" (number of closed transactions) - 6th in productivity per agent - 44 Offices - Over 1300 Sales Associates - Over $2.1 Billion Sold in 2010 - 12,273 Families Represented in 2010 - 10,983 New Listings in 2010
Northwest Indiana Investors Take Notice FHA Extended Anti-Flipping Rule Waiver through 2012

Housing market Happy about the FHA ANTI-FLIPPING RULE WAIVER

In 2010 the FHA waived the regulation prohibiting insuring a mortgage

on a home owned by the seller for less than 90 days.

For the second year in a row,

the Federal Housing Administration is extending a temporary waiver of it's

anti-flipping rule.


Therefore, home buyers who are pre-approved with FHA finaincing, WILL be able to buy a home that has

changed hands in the last 90 days under the following conditions:


  • The transaction must be ARMS-LENGTH (no interest between buyer and seller OR any other parties involved in the real estate transaction).

 

  • Cases in which the sales price of the property is 20 Percent or more above the seller's acquisition will have to meet lender specific conditions.

 

  • The waiver does not apply to HECM (Home Equity Conversion Mortgages)

 

This will allow investors to acquire, rehab, and sell properties with no time frame constraint.

 

A welcome to investors and FHA buyers alike! Since FHA loans are popular with 1st time homebuyers and buyers who lack the larger conventional loan downpayment, this waiver may stimulate the housing market in 2012.

 

The inventory of foreclosed and abandoned properties may be bought by investors who will be able to fix, (flip) and sell them to FHA approved buyers regardless of the (previously imposed) time frame.

 

If you are looking for Investment Property in Northwest Indiana and want to take advantage of this

FHA Anti-Flipping Rule Waiver extension through 2012 -> Talk To Tucker!

 

 

Published Monday, January 23, 2012 10:11 AM by F.C.Tucker 1st Team Real Estate

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