EP 130 - Mastering Novation Agreements with Eric Brewer
Collecting Keys - Real Estate Investing Podcast
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Novations and the FHA Flip Waiver
FHA funding was the only way you could get a mortgage in 2008 through about 2012 unless you had a 900 credit score and 80 percent down. FHA has this seasoning requirement for flipped properties that require me as the investor to own it for 91 days before I can even write a contract with an FHA borrower. "I started searching for a solution to this seasoning issue and my attorney introduced me to Novations because in a Novation you're never much like a wholesale deal"
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