Sec E. Exceptions to the 90-Day Restriction. The HOCs do not have the authority
to waive these requirements. The following are the only exceptions to the
90-day restriction permitted:
1. Properties acquired by an employer or relocation agency in connection with the relocation of an employee.
2. Re-sales by HUD under its Real Estate Owned (REO) program are not subject to the time restriction. However, any subsequent re-sale of such a property must meet the 90-day threshold in order for the mortgage to be eligible as security for FHA insurance.