Real estate blog entries tagged with renovation loan by Ernest Villafranca, Realtor, Real Estate Oakland CA (Better Homes and Gardens Real Estate)

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Home : Blogs : Ernest Villafranca, Realtor, Real Estate Oakland CA : Better Homes & Gardens Real Estate/Go Ernest : Tag "renovation loan"

renovation loan: 203K≠REO - Renovation Loans NOT Yet Ready - 03/08/10 10:48 PM

Almost all for sale REO (Real Estate Owned, Bank Owned) houses are run down. That’s why banks sell them cheap. The problem is that financed buyers can't buy houses with holes in the walls, broken windows, missing bathrooms, filthy carpets, etc. Or buyers don’t have the money for repairs.
That’s why the 203K is the perfect answer for the REO. The 203K loan is really two loans in one, a loan to buy the house, and a loan for repairs.
Qualifications for the 203K: 1) a) the buyer must qualify for the buying amount for the house AND b) renovating … (3 comments)

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Ernest Villafranca, Realtor, Real Estate Oakland CA

Oakland, CA

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Better Homes and Gardens Real Estate

Address: Attn: Ernest Villafranca, 3320 Grand Ave., Oakland, CA, 94610

Office Phone: (510) 834-2010

Cell Phone: (510) 418-9443

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Real Estate Agent covering Berkeley-Oakland-San Leandro, East Bay in Alameda county. Experienced in short sales, flips, investment properties, probate sales, and the Hispanic market.

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