Maryland Housing Vital Statistics... How does your neighborhood fare??? - 04/30/10 07:27 AM






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203K Low Price Purchases / 203K "One Stop Shop" Services Pitfalls - 04/28/10 08:40 AM
 
Name: Jose S. Guerrero Email Address: jguerrero2019@austin.rr.com
Message:
Hello Brent; Enjoyed reading what you have to say about the 203K. I have been involved with the 203K since 1976, first as a Contractor and in 1996 I started as a Consultant. You mention that your contracting company has done 203K's from the other end of the table, which I assume you are the owner of the contracting company. I myself have much experience from been a contractor, investor, residential compliance inspector and consultant. With all combined experience I want to set up a "One Stop 203K Shop" to help and … (0 comments)

Short Sales / Foreclosures : Writing an FHA 203K Contract and actually getting accepted! - 04/27/10 02:52 PM
How many contracts do you think these "Asset Managers" are kicking back on a daily basis???  Hmmm?  Would anyone believe about 90%?  Those numbers seem to run true based on the various interviews I personally have conducted with even the Managers of Loss Mitigation departments.  Considering some of these guys are putting in 12 hour days now and some are handling a pipeline of over 300 properties, one could interpolate the figure to be somewhere in the neighborhood of 400 contracts... PER DAY!
 
So why choose yours?   Your buyers are super qualified.  Their ratios are 19/19 (hell, they don't have … (0 comments)

Broker vs. Banker for a 203K Renovation Loan.... hmmm??? - 04/27/10 05:55 AM
Well, so goes the saying... "I'm a broker and I can 'shop' your loan for the best rates and really get you the best deal".    Okay....  The other side of the coin says, "I'm a lender and brokers just take my money and add their fees to it, so you'll never get the best rate doing business with a broker."
Bollocks!
203K loans are a logistical nightmare and Freddy is waiting for you to fall asleep, if your working with someone that can't properly help you.  The long and short of it is this:  Brokers and Lenders alike can, and do, … (4 comments)

Not ALL 203K Lenders are created EQUAL... - 04/26/10 08:14 PM
Equal Opportunity Lender doesn't mean each lender offers their clients "Equal Opportunity" for proper service during their loan process.
BIGGEST 203K Misnomer:  A lender's job is done when the loan closes. 
The truth is, most people in our industry will "try" to do a 203K if it crosses their radar.  It isn't hard to read up on a few hand outs, grab some third party service provider that is trying to earn your business and get them to bring some experience and clout to the "pitch"or best yet, just fake it.  In order to facilitate and advise a client property in … (0 comments)

 
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203K World - Maryland - Baltimore - RENO Maryland / DC's #1 Reno Lender /AS-IS-EZ

Ellicott City, MD

More about me…

Brent Kluge - FHA 203K - HomeStyle- JUMBO Reno Loan

Address: 412 H Street, NE, Washington, DC, 20002

Office Phone: (410) 591-8300

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Brent Kluge's 203K & HomePath Renovation Blog Expert information for you for all your renovation needs focused on FHA 203k and FannieMae HomePath Renovation, HomeStyle and USDA reno. From planning, to process, to loans, to finding a match with a contractor, Brent Kluge and his team will guide you through the entire process and avoiding the pitfalls along the way.


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