FHA Loan Changes for 2010 by Aaron Zapata with Prudential CA Realty

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Uploaded by on Feb 9, 2010

This video explains some of the changes that are taking place to FHA Loans starting April 5, 2010. It's about to get tougher and more expensive to get an FHA Loan.

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Uploader Comments (aaronzapata1)

  • 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

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  • Can FHA finance a house doing a DOUBLE ESCROW TRANSACTION ?

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