Tag Archives: 203k remodeling

Foreclosure Deal Deadline Postponed

Posted on February 3, 2012 by admin

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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Renovation Make Over, Features of the FHA 203k Streamline Loan

Posted on January 14, 2012 by admin

The FHA 203k Streamline program has gained popularity recently because of the amount of foreclosed homes that are being purchased are in need of repair.  The FHA 203k streamline program can be utilized both as a FHA refinancing option as … Continue reading →

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

Posted on December 29, 2011 by admin

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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HUD Offers REO Homes for $100 Down in Select States

Posted on October 24, 2011 by admin

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!

Posted on October 16, 2011 by admin

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”

Posted on October 11, 2011 by admin

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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Build Instant Equity; The Secret Loan Program

Posted on September 28, 2011 by admin

5 Secret Ways To Add Value To Your Home. Adding value to your home to build equity isn’t really a secret. The problem is that so many people don’t have the equity right now to finance home improvements which then add … Continue reading →

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Over Come Buyer Objections with the 203k Renovation Loan

Posted on September 26, 2011 by admin

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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203k: The Secret to 1970′s Kitchens

Posted on September 24, 2011 by admin

Buying a home in “as-is” condition to many home buyers is scary thing.  Many people want homes in move in ready condition to make things simple.  But what if you find a great deal on an As-Is property?  Maybe there’s … Continue reading →

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What is a 203k Feasibility Analysis

Posted on September 24, 2011 by admin

A feasibility analysis has a specific use… simply put, it is used to quickly determine  how much it will cost to renovate, repair or remodel the  property you are considering buying. It is also used approximate the FHA Minimum Property … Continue reading →

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