Check out this article by Tom Brassfield regarding reduced restrictions on FHA borrowers.
This news is particularly helpful for investors (looking to flip a property) who previously had to buy and hold a place for 90 days until a buyer could purchase the property using an FHA loan.
This makes flipping a property slightly more appealing, even in this market, as this change in FHA policy has expanded the pool of potential buyers.
http://kcinvestmentproperty.wordpress.com/2011/01/19/fha-allows-flipping-with-restrictions/
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