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Learn all you can in 2010!

January 20th, 2010 | posted by Rina

Thought I'd go ahead and use this blog as long as I have it. Would be fun to start putting some videos in. hmmm..

Anyway, I think the following document is important for everyone to read, and I've included links that have been posted about it since it was announced on Friday. it is SOOO important to our buying/selling of properties this year. FHA lifts 90-day seasoning rule, JUST signed and announced on Friday.

Read this:
http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf

And below are some threads from myself and other DG members on the new rule.(This just goes to show how important it is!) Also, read the threads Indiana Joe started today. He has shared some great articles on some very relevant subjects!

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Me: YAHOO!!! Announced today, FHA Anti-flipping rules reversed for a year, starting Feb 1, 2010!!!
http://www.deangraziosi.com/real-estate-forums/real-estate-news/39474/ya...

Sabline: The FHA 90 Day Rule Has Been Lifted for 1 Yr.
http://www.deangraziosi.com/real-estate-forums/buying-foreclosures-reos-...

georgec: FHA Has Suspended It’s 90 Day Title Seasoning Rule!
http://www.deangraziosi.com/real-estate-forums/market-trends-and-conditi...

eroberts: No more 90 day title seasoning on FHA loans for 1 year!!
http://www.deangraziosi.com/real-estate-forums/financing-and-credit/3985...

sistreat: FHA 90-Day Seasoning Rule...SUMMARY of the extension
http://www.deangraziosi.com/real-estate-forums/market-trends-and-conditi...

ronzi: FHA eases off on FHA flipping requirements
http://www.deangraziosi.com/real-estate-forums/buying-foreclosures-reos-...

On 23:33pm, January 31st, 2010 laurajohnson said:

Just Found This!

laurajohnson's picture

Great reading Rina...the doors are wide open starting TOMORROW!!!!!

On 0:02am, February 1st, 2010 Holt said:

This is great!

Holt's picture

I all can say...opportunity knocks people. Let's get it done. A WHOLE YEAR!

On 16:32pm, February 8th, 2010 Bariafl said:

I'm confused!

How is this a good thing for us? isn't it saying you can't buy a property and flip it with in a year. I believe it was only 90 days before you flip a property. Am i wrong? Can someone explain this to me.
Thanks

Baria

On 16:12pm, February 12th, 2010 Rina said:

Hi Baria,

Rina's picture

Actually it WAS 90 days before an FHA buyer could purchase from you. Now there is NO seasoning required. This waiver is good til Feb 2011 (unless the administration decides different at some point). Good news! Smiling

Rina

On 0:10am, February 23rd, 2010 tcshivers1970 said:

Thanks for the information!

tcshivers1970's picture

I am a newbie, well sort of, and I appreciate how your giving this information to update and educate people like who are just starting. I really didn't even know that this law existed! But after reading it, i am thankful for the time slot the government is allowing for investors to turn on there investments.

Thanks again for sharing!

Tom

On 1:05am, February 28th, 2010 T-Bone said:

This is good to know

I am also New to the DG Family having this source of information is really good now there is no need to shy away from these types of propertys.

it is good for the investors Question are you limited to the amount to resale the property and for how much.

Terrence

On 3:24am, April 7th, 2010 linny55 said:

Good News

Thanks for sharing this information with us. I have been on this website for a while but haven't really written to much on it or gotten too involved but now I am.

I think I might start my own journal. Seems people who are doing this are really making progress.

thanks for all the help and information to the newbies and everyone else here.

On 3:07am, June 5th, 2010 randy428 said:

SOMETIMES I AM SLOW

randy428's picture

Good post, I just now found it. Are maybe you was hiding it from me.

Randy

On 5:49am, August 26th, 2010 Kimmie4670 said:

What a beautiful soul.....

Kimmie4670's picture

You know I just popped in Deans edge 2010,the first vidio,I had to pause it and send a message.I'm in tears because he is a beautiful soul,all the giving he does and this site and all of us who are here for each other.It makes me very grateful.Befor i found this I prayed sooooo hard that something to change my life would happen and now it has!Thanks to all.

On 22:26pm, December 20th, 2010 DOC KINSEY said:

WOMDERING

HI FOLKS: CAN ANYONE TELL ME HOW DO YOU CONTACT S OME ONE IF YOU WANT TOO ASK THEM A QUESTION???? I AM NEW AT THIS BUT CAN ANYONE SHED HOW IMPORTANT IS THE REAL EATATE ACADEMY?I UNDERSTAND HOW THIS IS ALL DONE.I WAS IN SALES FOR YEARS AND IT SEEMS THE ONLY DIFFERENCE IS CARS VERSES HOUSSES.OR AM I WRONG ?CAN ANYONE HELP ME WITH THAT THANKS DOC

On 1:07am, May 11th, 2011 Gvillermo said:

Opportunity is here for me

The opportunity to start making deal with a short sale is here for me because i know the person that his house is on the stage of pre-foreclosure. However, I don't know how to start yet. If someone could direct me to the site or to the right blog I am sure that I will able to do it.

Gvillermo