Thread: flipping rules
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Default flipping rules

On Fri, 6 Apr 2007 09:42:27 -0700, "Roger Shoaf"
wrote:


"longshot" wrote in message news:8LtRh.5$Lm.3@trndny05...
I was the seller & bought with cash, the buyer used a FHA loan. Just

forget
I tried to offer anyone any advice.


So why didn't you allow the buyers to move in as tenants until escrow
closed?


I have heard that that is a bad idea, but generally a contract
provides a time limit of maybe 45 days for the buyer to get a mortgage
and close.

If the buyer couldn't close for some reason, why couldn't the seller
go find another buyer after the contract expired?