The only exceptions to the 90 day resale restriction described in HUD 4155.2 4.7.e are for

• properties acquired by an employer or relocation agency in connection with the relocation of an employee
• re-sales by HUD under its Real Estate Owned (REO) program
• sales by other United States Government agencies of single family properties pursuant to programs operated by these agencies
• sales of properties by nonprofits approved to purchase HUD owned single family properties at a discount with resale restrictions
• sales of properties that are acquired by the seller by inheritance
• sales of properties by state and federally-chartered financial institutions and government sponsored enterprises
• sales of properties by local and state government agencies, and
• sales of properties within Presidentially Declared Disaster Areas.

Any subsequent re-sales of the properties described above must meet the 90 day threshold in order for the mortgage to be eligible as security for FHA insurance.

Note: HOCs do not have the authority to waive the 90-day resale restriction because it is a regulatory requirement and not an administrative policy.