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Bush Administration Indirectly Admits Culpability For Weak Real Estate Market
New FHA policy gives the green light to real estate pro's who buy and resale property for profit. The move is expected to bring significant liquidity to the weak market, but is seen as an indirect admission of culpability for the real estate market.
(Policy available at http://www.freerealestatetraining.com/
"FHA's new policy allows real estate investors and other real estate professionals to acquire and instantly resale foreclosure properties to buyers using FHA financing, " says Bryan Ellis of http://www.FreeRealEstateTraining.com. "FHA's previous policy was designed to prevent real estate investors from profiting on properties that are bought and sold very rapidly."
The new policy is aimed at allowing real estate investors - and the significant liquidity that they bring - back into the resale market.
"It has long been the view of real estate investors that the government's campaign against real estate 'flipping' has been ill-advised. Real estate investors are able to acquire property, add value and improve market liquidity, and real estate 'flipping' is a primary avenue through which these results are achieved" says Ellis.
FHA's new policy is short-term in nature, being limited to one year only. Ellis expects real estate investors and public policy groups to campaign for the extension of the policy.
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