US Bank has announced a new "Anti-Flipping" policy that calls property flips "a threat to the integrity of the residential real estate industry" and institutes a 90-day seasoning requirement on new home purchases, according to Behind the Mortgage blog.
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Sounds like a good idea.
Like should allow an exception for properties that were bought, professional renovated (with the proper permits) and put right back on the market.
Posted by: Lease Option | October 07, 2008 at 12:48 PM
Thanks for the information...I bookmarked your site, and I appreciate your time and effort to make your blog a success!
Posted by: Schumacher Homes | November 10, 2008 at 11:44 AM