Quick tip on 203k loans: As a potential home buyer, make sure that the HUD Consultant and the General Contractor who is doing the repairs and upgrades to the property, are not the same person. The HUD Consultant is supposed to be an independant third party who keeps the General Contractor in check. I’ve ran [...]
Category Archives: buying a home in as-is condition
Realtors And The 203k Loan. Why Do They Dislike It?
June 15, 2011 – 4:44 pm
The 203k loan is like taboo to some Realtors. To the 20 year experienced Realtor the 203k loan may be looked at as a loan that is problematic and associated with fraud. Realtors who have been in business for 10 years or more may have never seen the need for the 203k [...]
By Kevin Walton
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Also posted in 203k loan news, 203k Streamline, remodeling home loan
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Tagged 203k loan, 203k loans, 203k streamline loan, buying a home in as-is condition, first time home buyer
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Comments (9)
Buying A Home In As-Is Condition
April 13, 2011 – 8:23 pm
Buying a home in as-is condition to many home buyers is scary thing. Many people want homes in move in ready condition and make things simple. But what if you get a good value on an as-is property? Maybe there’s a broken window, or missing toilets or holes in the wall? A lender will not normally [...]
By Kevin Walton
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Also posted in 203k loan news, 203k Streamline, remodeling home loan
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Tagged 203k loan, 203k Streamline, buying a home in as-is condition
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Comments (13)
