Washington Report: FHA’s flip waiver nears its end

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The "Anti-Flipping Rule" was enacted in 2003 and was aimed at curbing what the FHA called "Property Flipping," in which "a property recently acquired is resold for a considerable profit with an artificially inflated value, often as the result of a lender’s collusion with an appraiser." (Source: FederalRegister.gov)

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FHA’s house-flip waiver nears its end. Oct 17, Paul Skeens, president of Colonial Mortgage in Waldorf, Md., and an active rehab investor in the suburbs outside Washington, D.C., said the.

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While HUD continues its efforts to help homeowners remain in their homes, through the waiver of its regulation on property flipping, HUD seeks to help stabilize neighborhoods and communities. HUD first granted temporary waiver of its regulation on anti-property flipping through notice published in the Federal Register on May 21, 2010, at 75 FR.

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