FHA Loan Changes for 2010 by Aaron Zapata with Prudential CA Realty
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Can FHA finance a house doing a DOUBLE ESCROW TRANSACTION ?
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FHA requires that the seller be the owner of the property for at least 90 days before they will lend against the property. If the transaction is a double escrow with concurrent closings then FHA will not work. The only exception to this rule that I know of, is if there is a Relocation company involved and the Relocation company is buying it from the seller and immediately re-selling it to the buyer.
Great question!
-az
aaronzapata1 1 year ago