Tag Archives: 203k home impovment loan

Foreclosure Deal Deadline Postponed

The deadline for states to decide whether to join a proposed nationwide foreclosure settlement with banks was delayed to Feb. 6 from Feb. 3, the Iowa Attorney General’s Office said.  States were given more time to evaluate the proposal, which … Continue reading

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Foreclosure backlog could take “decades” to clear

The number of seriously delinquent mortgages in the nation’s largest metropolitan areas slowed this year, according to a new study from the Urban Institute. But foreclosures remain a burden on the housing market, prompting the policy research group to call … Continue reading

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Trulia says more foreclosures coming. Do you know how to sell a 203K home?

Real estate research and marketing firm Trulia said employment figures improved slightly at the end of 2011, making it possible for more borrowers to pay their mortgages next year.  While Trulia says this trend could reduce 2012 delinquencies, the company … Continue reading

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Las Vegas No Longer Top Foreclosure City, Hello Stockton Calif.

Las Vegas is no longer the top foreclosure city in the country. A new Nevada law that went into effect in October caused many mortgage servicers to pause the foreclosure process, knocking Vegas off the spot it held for 22 … Continue reading

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HUD Offers REO Homes for $100 Down in Select States

In select states, from now into October of next year, buyers need a down payment of only $100 to purchase a HUD-owned REO home.

The buyer must be an owner-occupant, utilizing financing insured by the Federal Housing Administration (FHA). Standard FHA underwriting guidelines apply, and the sale must be for the full amount of the current list price. Continue reading

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FHA 203k Has Gotten So Much Easier!

What most home buyers are not familiar with is an underused FHA program called the 203k. Now before you run screaming out of the room, let me give you a few words of encouragement. The FHA 203k has gotten easier…lots easier! For those agents that decide to dive in and take advantage of this program, the opportunities are limitless! Let me explain. Continue reading

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FHA 203k – The Problem With “Self Help”

This article was written by my friend Jonathan Blackwell. He is an expert 203k renovation lender. Call him, Georgia – 404-551-3845 As a 203k renovation contractor, I recently had a very, very, very bad experience with a home owner who … Continue reading

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203k – Fact or Fiction?

By Deborah Garvin; I have a lot of posts about the 203k loan and continue to believe it is the most under used, misunderstood, and absolutely the most creative finance product available in today’s real estate market. Really, what other … Continue reading

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Realtors: Are You Shooting Video? You Should Be…

If you are a realtor, lender, contractor or consultant and you are not using video as part of your marketing, You are really missing the boat. We’re an ocular centric culture – meaning we have to “see it to believe it.” Video is the next best thing to being in a room with someone because we share so much more than we can write. Our writing may be more articulate, but it isn’t as real as watching someone’s body language.

Your audience can connect with you on a whole new level when you utilize video. They can see the energy behind your message. The true power behind video is this ability to establish a report much faster – and it doesn’t matter how Continue reading

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Over Come Buyer Objections with the 203k Renovation Loan

The 203k Renovation mortgage is the BUT LOAN! It takes care of all seller objections with the house, becasue all renovation, ugly repairs, smelly carpet, roof leaks, room additon, kitchen remodel of their dreams can rolled into one mortgage.

Ask your clients this, “If I could take care of the ( fill in the objection ), would you like to make an offer today?” Continue reading

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