Homes in Colorado Springs | Investing in Real Estate

The Bush administration has temporarily suspended a rule that imposes a 90 day waiting period before government backed loans can be provided on foreclosure homes and other distressed properties.  This rule has been around for about 5 years,  and was put in place to deter property flipping schemes, where buyers are overcharged for foreclosures or other distressed properties.  The rule is being temporarily suspended to expedite the sale of foreclosures on the market and cut the supply of properties.