I got an interesting question for Mortgage Lenders. Anyone on here in that business?
If someone removes a spouse from a deed and goes to sell the house immediately (within 90 days) will the sell of the house be ok with FHA guidelines http://teammovemortgage.com/2015/05/14/fha-flipping-rules/
? In other words will FHA approve the loan for the buyer? FHA has a 90 day rule because of house flippers.
The final rule requires that: a) only owners of record can sell properties that will be financed using FHA insured mortgages; b) any re-sale of a property may not occur 90 or fewer days from the last sale to be eligible for FHA financing; and c)