This will not only help me out but it will help out many frustrated buyers out there. The current seasoning requirement is a joke and easing that restriction is fair.
Let me ask you something, why is it that a bank can foreclose on a home and that home can be sold immediately and anyone can buy it and get financing be it fha or conventional with no seasoning but if I buy it at trustee sale then resell it then a buyer cannot finance it unless I hold it 90 days.
What sense does that make?
It makes me a seller have to turn away fha buyers and even tell conventional buyers that their financing choices are very limited.
So yes this will help me and all the other evil flippers but it will effectively help buyers as well.
And yes uco this is consistent with govt policy and reinflating the bubble.
