Two weeks ago I sent out a mortgage update that went over some
"Need to Knows" concerning property flips and obtaining a mortgage
in Arizona for one. I listed a few key items to keep in mind before
writing a contract. I am getting agents asking for the link so they
can pass on to others in their offices and review with clients as
they work an offer up.
Here is the
link to read more about this.
Communication between all parties before a contract is written
is really the key! It also takes an experienced Arizona mortgage
lender to really understand the intricacies involved in these
purchases and our Arizona market.
I'm always available to answer your questions!
The FHA property flipping waiver was set to expire On Dec. 31st
of 2011 has been extended through December 31st of 2012!!! Great
news for the Arizona mortgage and real estate market. For now all
terms of the existing waiver remain the same. It may have been some
time since you reviewed the FHA Loan rules on properties flipped
and owned for less than 90 days in Arizona.
Click here to
read some reminders that may be helpful.