Limitation On Owner Occupieds?
I was wondering if a person can buy a property OO and then decide to sell it right away and buy another OO and resell it within a month, etc... Is there something that demands you cannot sell an OO financed home more than once a year?
No FHA loans to this point, so is seasoning still a problem? I don't see why as long as I live in the home, there shuld be a problem with us living in the home and selling, even if it is only a month.
If you are financing FHA you would have a problem with seasoning of loan. Some banks and brokers do not care about seasoning. The bad thing about doing this is taxes,closing cost,and the negative effect on your credit score.