|
| |
203k: Everyone has their fingers in my buyers wallet ..... - 08/04/11 04:56 PM
Everyone has their fingers in my buyers wallet ......I've got a recent deal going FHA where we switched from the standard FHA 203B to a 203K loan. To me it seemed pretty easy but I knew that the transfer would probably be a problem. Buyer took it all in stride because they really didn't understand what was going to happen to them next. Loan officer requests a 30 day extension. Hmmm, seems a little excessive asking for 30 days? I started to pop off angry emails asking what he'd done for the past 45 days that we needed another 30 day … (10 comments)
|
203k: 203K FHA LOAN - How can I use it for a foreclosure? - 12/31/10 09:13 AM
In this special 203K FHA Loan, what types of improvements can I make?
Repair/replace roofs, gutters and downspouts. Repair/replace HVAC systems. Repair/replace plumbing and electrical systems. Repair/replace flooring. Minor remodeling such as Kitchens and Baths Painting, both exterior and interior Weatherization Purchase and Installation of Appliances Lead-based Paint Abatement Repair/replace decks, patios, porches Basement remodeling Basement waterproofing Window and door replacement Septic System and or Well Repair All these things can all be included in the 203K FHA Rehab Loan. All repairs and work must be done by a certified contractor on HUD's approved list. They are all places that you … (6 comments)
|
203k: Schaumburg Homes - First Time Home Buyers have FHA Loan Changes - 01/22/10 01:43 PM
FHA announced changes - how will it effect me as a buyer? OK, what I'll do is try and explain the 'new rules' for an FHA mortgage ~
The upfront mortgage insurance premium (UFMIP) will increase to 2.25 percent up from 1.75 percent. Contrary to reports, FHA will continue to allow the financing of the UFMIP. Buyers will now be charged more for mortgage insurance in case of default. It will now cost $4500 on a $200,000 home. ($4500 vs. $3500 = $1000 difference) In actuality, it will not make much of a difference in your monthly payment. In certain circumstances, … (4 comments)
|
203k: REO'S and Foreclosures - Think they could possibly be for you? - 12/02/09 03:48 PM
REO's and Foreclosures - Think they could possibly be for you? I just sold and closed two foreclosures recently and the two sales couldn't have been more completely opposite! One needed work (203k) from head to toe - you know the kind you hear about where the seller decided to cut parts of the furnace out of the unit! The other was fabulous with a remodeled kitchen and 42" maple cabinets. That one needed painting and new carpet but needed minor TLC. It had the best location backing up to a pond! What did these buyers both have in common?
They … (6 comments)
|
203k: Castle Rock - Schaumburg IL - 11/28/09 03:57 PM
Castle Rock Subdivision I just sold and closed a foreclosure in the neighborhood! 2BR 1.5BA, no basement and no garage. Definitely needed work with new kitchen and all appliances and mechanicals. Buyer did the 203K FHA rehab program thru me.Interested in selling or purchasing a home in Castle Rock? Please don't hesitate in giving me a call.
203K FHA Rehab LoanSchaumburg - Best Places to raise your kids, runner up.Is it FHA Approved?Downpayment Assistance for First Time Buyers - ADDITips for buying a ForeclosureBuying a Bank Owned Home - REOSchaumburg - Top Selling SubdivisionsCommon Buyer Closing CostsSchaumburg #1 with Residents
… (2 comments)
|
203k: Schaumburg Homes for Sale - Need a rehab loan? - 04/29/09 03:11 PM
What a difference a ‘K’ makes? This is about the ‘Renovation Loan’ called the FHA 203K and how it can be used to purchase a home in need of 'a little help’.
The 203K Loan is:
Perfect for REO’s and foreclosures. Used to purchase and close on a home in ‘as is’ condition. Usually getting a better sales price. No repairs required prior to closing; no appraisal issues. The house must be sound and is used for minor repairs and cosmetic changes that you would like to do to the property and don’t have the ready cash to do it. There … (0 comments)
|
203k: Elk Grove Illinois Real Estate - Buyers need a rehab loan? Check this out and see! - 03/05/09 04:18 PM
What a difference a ‘K’ makes? This is about the ‘Renovation Loan’ called the FHA 203K and how it can be used to purchase a home in need of 'a little help’.
The 203K Loan is:
Perfect for REO’s and foreclosures. Used to purchase and close on a home in ‘as is’ condition. Usually getting a better sales price. No repairs required prior to closing; no appraisal issues. The house must be sound and is used for minor repairs and cosmetic changes that you would like to do to the property and don’t have the ready cash to do it. There … (2 comments)
|
|
|
|
|
|
Lyn Sims - Schaumburg Homes
Schaumburg,
IL
More about me…
Schaumburg Real Estate - Northwest Suburbs - RE/MAX Suburban
Address: Schaumburg | Hoffman Estates | Elk Grove Village | and Roselle, IL in the Northwest Suburbs of Chicago
Office Phone: (847) 230-7324
Cell Phone: (847) 230-7404
Email Me
 Listings
Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)
;)