Some good news for Denver real estate investors and buyers. HUD has eased the requirement of the “90 day rule” which required a seller to have held title to a property for at least 90 days prior to being purchased by a buyer using FHA financing.  HUD had previously allowed homes owned by foreclosing institutions to waive this rule.

This change can now allow investors and buyers to take advantage of buying homes for resell to an FHA buyer, even within 90 days!  There are, of course, certain stipulations to this waiver.

However, this is more great news from FHA that it intends to look for ways to continue to support a housing recovery. The waiver begins February 1, 2010 and extends for one year at this time.  If you feel you qualify and want more information on how to take advantage of this opportunity, let me  know and  I can get you started in the right direction.  There are still a lot of investment opportunities in the Denver real estate market.

Steve Scheer, Denver Realty Partners
Real Estate in Denver & The Suburbs

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If you would like more information on the Denver area or more information on Denver real estate, contact Steve at 720-849-6101.