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Posted: 4/30/2011 2:27:21 PM EDT
I dont have a clue where to look up this information at. Apparently there is a new law in texas that states that a forclosed home which is purchased as an investment has to be held for a certain time period before it can be sold at a profit. Does anyone know the specifics on that?
Bump, somebody on here has to be into real estate
Are you thinking of "redemption rights"?
FHA/HUD has some weird rules about stuff like that.
IIRC, you have to occupy the home for 1 year before you can sell it
or rent it (if it's an FHA loan)
On a state level, I have no idea if they can do that.
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