# Prohibition of Property Flipping in HUD's Single Family Mortgage Insurance Programs; Additional Exceptions to Time Restriction on Sales
> **US Department of Housing and Urban Development** · Final rule. · Published 2006-06-07 · Effective 2006-07-07 · 71 FR 33138
## Document
- **Document number:** E6-8844
- **Category:** hud-fha
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 71 FR 33138
- **CFR reference:** 24 CFR 203
- **Publication date:** 2006-06-07
- **Effective date:** 2006-07-07
- **Docket:** Docket No. FR-4911-F-02
## Abstract

This final rule amends HUD's regulations that address the predatory practice of property "flipping" and establishes certain time restrictions regarding the sale of properties whose purchase is being financed with Federal Housing Administration (FHA) mortgage insurance. The final rule broadens the exceptions to the time restrictions on sales to include government-sponsored enterprises (GSEs), state- and federally chartered financial institutions, nonprofits organizations approved to purchase HUD Real Estate-Owned (REO) single-family properties at a discount with resale restrictions, local and state governments and their instrumentalities, and, upon announcement by HUD through issuance of a notice, sales of properties in areas designated by the President as Federal disaster areas. This final rule follows publication of a December 23, 2004, interim rule, and takes into consideration the public comments received on the interim rule.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2006/06/07/E6-8844/prohibition-of-property-flipping-in-huds-single-family-mortgage-insurance-programs-additional)
---
*MORVS · CC0 1.0*