FHA 203k loans in San Jose - 06/27/12 08:30 AM
San Jose is heating up, wow, lots of activity there. 
I find it so interesting to see an area explode like San Jose is doing right now. It is interesting because they, as a group, finally get it. Once you understand the power of a 203k to move properties and stimulate the economy it is amazing to watch it take off like a rocket. 
This week we have about 8 new projects going in that one area, fantastic. One only has a foundation and we the project will be to build a new house on that foundation.. perfect for a 203k … (3 comments)

Sewer lateral inspection and deposit required - Oakland - 06/16/12 11:20 PM
Sewer lateral inspections are an everyday occurrence and that comes part and parcel with a $4500 refundable deposit that each buyer must put in play to insure the work gets completed in a timely manner. This is a requirement on every sale. It is a pretty simple test where a camera is run through the sewer lateral. In some cases the sewer lateral is pretty long and there have been no clean outs installed to to even do the test some "clean outs" must be installed. 
The camera will tell you if there is a break in the sewer lateral that … (6 comments)

203k Consultant bid vs the contractor's bid - New York - 06/16/12 08:50 PM
Mortgagee letters are typically the way HUD conveys information and rules to the public. Mortgagee letter 94-11 was and is the 203k consultants most productive Mortgagee Letter. It is the first time that HUD actually gave any direction to the consultants. 
I find that working with lenders they want everything thing to match perfectly and it is getting to the point of annoying to say the least. 
The FHA 203k loan guarantee program was initially thought of as a way to speed this loan process along. You have consultants that are able to independently bid a project. They put together a … (0 comments)

FHA 203k Consultant - Las Vegas, NV - 06/10/12 02:54 PM
Bill Peterson, Las Vegas has been in the business for a while and we hear he is doing a wonderful job keeping up with your 203k consulting projects in that area. When you need a seasoned pro to help you close those loans faster in the Las Vegas area you can't go wrong with Bill and his group.
As always we are there to assist you with any issues that may come up even if we aren't the consulting company you started out with. If you need help we are going to be there for you. 
We see people who have … (0 comments)

Taxes and Fees keep rising - 06/10/12 09:29 AM
You would think the only people in trouble right now are the taxing entities, states, counties, and cities... NOT
We are all in this recession together and it is time to cut spending and STOP raising taxes and fees to help the cities, counties, and state survive. We all need to survive. There should be a moratorium on taxes, NO NEW TAXES. If everything that was funded last year was held to that level with no increases till its over this mess would eventually clear itself up. 
However, every time a tax is incresed it puts additional burden on the tax … (0 comments)

Contractors and the FHA 203k loan program in Redding and Red Bluff - 06/03/12 08:53 PM
Realtors and agents NEED to get this as it is important for a successful 203k loan project. It is your client who will suffer. The Streamlined k doesn’t “REQUIRE” a consultant… that is a key word, you are fooling yourself if you don’t use a consultant on a 203k loan. A 203k consultant is your KEY to a successful project… we are the glue that can hold it together. On a streamlined k just have the consultant do the 203k inspection rather than a home inspection, or have your home inspector take a course on the 203k so they can be … (3 comments)

Can you make foundation repairs using the FHA 203k program in Concord or Lafayette? - 06/02/12 09:18 AM
or anywhere else? YES ABSOLUTELY. 
I can't believe that I had a client call me with a Freddie Mac foreclosure she was trying to purchase and she was told by the listing agent that the 203k wouldn't do the needed foundation repairs. In this case it sounds like it may need an entire foundation replacement. I find it so interesting that someone who knows nothing comes off like a professional who knows it all and speaks with authority that this repair cannot be made. Please send some time learning about the available products before you act as an authority on them.
… (1 comments)

 
Mike Young, FHA 203k Consultant 707-812-7668, the203kconsultant (203kOnLine.com) Rainmaker_large

Mike Young, FHA 203k Consultant 707-812-7668

the203kconsultant

Fairfield, CA

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203kOnLine.com

Address: We cover northern CA from our, Fairfield, CA office, Fairfield, CA, 94534

Office Phone: (707) 812-7668 x 203

Cell Phone: (704) 451-1599

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