Acting FHA
Commissioner Carole J. Galante announced that FHA will extend its
waiver of anti-flipping regulations throughout 2012. This move is
intended to stimulate slack housing markets while offering a solution to
long-standing vacant properties and resulting neighborhood blight. Real
estate investors no longer inhibited by FHA rules against flipping, a
practice where investors buy homes, repair them and quickly resell them,
can take advantage of incentives offered by banks and other
institutional lenders attempting to sell off foreclosed homes.
