Brian's Colorado Springs & Pikes Peak Region Web Log (Blog)

HUD Waives 90 Day Rule On FHA Financing for 1 Year

January 27th, 2010 10:44 AM by Brian Wess

The U.S. Department of Housing and Urban Development has waived its 90 Day restriction rule on FHA Financing for 1 year to allow for quicker resale of foreclosed properties. In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, HUD Secretary Shaun Donovan today announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties.

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Posted in:General
Posted by Brian Wess on January 27th, 2010 10:44 AM


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Infinite Horizons Realty

2910 N. Powers Blvd, #174
Colorado Springs, CO 80922