By now you may know that FHA is waiving the 90 day flip rule as of February 1st, 2010. Remember that there are a few restrictions: 1) It is only a 1 year waiver of this rule to try to help move inventory. 2) If the sales price is 20% higher then the sellers acquisition costs, then the seller has to justify the increase with a list of improvements or if there are no improvements made, the appraiser has to explain the increase. Continue Reading »