Mike's 203k Blog
203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.
ARCHIVED BLOG POSTS
2009
3
Comments
Attention Contractors. If you are looking for more remodel work look no farther. Find 203k consultants in your area and contact them with your info and let them know you would like to bid on their projects. It is the lender's responsibility to check you out so prepare a list of references, your l...
10/24/2009
0
Comments
How many of you realtors are working with your local county governments? HUDs "dollar house" program lets municipalities buy HUD homes that have not been purchased in six months for a dollar to help them provide "low cost" housing. These homes are quite often in CRA designated areas and need some...
10/23/2009
0
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I don't think a lot of people are taking advantage of a unique aspect of the 203k that will allow an owner to fix up a 1-4 unit property under the 203k making it ready to sell. Seller's you will get more for your property in many cases if it is "ready to live in" so think about making the repairs...
10/20/2009
8
Comments
Sorry it has been a while but I've been working in the background. All indications are that by the middle of December Wells Fargo and BofA will have their draw disbursement centers back on track. In all fairness to them the problem wasn't all theirs. Hang in there guys and gals. The 203k is still...
10/19/2009
0
Comments
Contractors looking for more work should consider the 203k. Just go to the HUD web site and search for consultants. Let the ones in your area know you would like to bid on their future projects. you might be surprised. We just put on a contractor info seminar in Columbia SC to the rehab or remode...
10/06/2009
Rainmaker
666,308
666,308
Mike Young
FHA 203k Consultant 916-758-1809