203k loan charlotte: High tension Towers and FHA loans in Concord CA to Concord NC
- 07/20/12 12:28 AM
High tension towers can be a problem, most people just don't like them. Years ago I was one of three RE appraisers hired by Cal-Vet when I received a call about a home in Crockett CA. When I was asked to go appraise it, I immediately told my boss at Cal-Vet that we can't loan on that home. He asked "why?" and I informed him that I knew that house and there are high tension towers all around it. The home is clearly in the fall distance of a tower or two. He breathed a sigh of relief as he stated … (4 comments)
Walter Wilson, The Mike Young Team Eric Storm - Prospect Mortgage David Sovde, The Mike Young Team Thanks for the report and photos guys, sorry we couldn't be there with ou. Glad to see such a nice turnout We are already getting calls from the event, For those who may not know Eric Storm has two branches of Prospect Mortgage, one in Charlotte NC and the other in Rock Hill, SC and is one of the most active renovation lenders … (0 comments)
203k loan charlotte: 203k is alive and well from Clearlake Oaks to Charlotte
- 12/13/10 02:01 PM
Clearlake Oaks is a hot bed for the FHA 203k Loan Program and yet still underutilized in that area. When I drive through the town we see lots of very small homes right on the main drag... I'm talking homes that can't be 400 SF which is TOO SMALL to get FHA financing UNLESS you increase the size. That means the home could be perfect in every other way and you merely add on to it to get it to the minimum 650 SF FHA needs to make the loan. I live in Charlotte NC and we have lots of little … (2 comments)
203k loan charlotte: 203k Seminars - Fairfield, Stockton and Sacramento CA and Charlotte NC
- 12/08/10 03:38 AM
The magic of the FHA 203k program is a wonder to see. We have called it "The American Dream Machine" since 1994 when we rented a hall in El Sobrante, CA and provided weekly meetings. This coming Saturday is a Realtor training day and mixer in Stockton, CA with one of our teammate lenders. We have a FREE consultant report writing class in Harrisburg NC at my offices there on Monday 12/20/2010 at 10 am for anyone wanting this 2 hour continuing education course as our gift for this Christmas season. We do have limited seating so please let us know … (0 comments)
203k loan charlotte: Fixer in Spencer NC
- 11/07/10 04:21 AM
Listed on the MLS and price just reduced. Get this sold form me please. Bring all offers. I has been gutted and we have bids from several contractors that range from $60,000-65,000 so they all pretty much agree on the cost to have a 4-bedroom, 2.5 bathroom home fuly updated. We already fixed the roof and have this gutted and ready for your contractor or ours.
Need to locate a lender who knows how to finance these quickly just call Eric Strom at Prospect Mortgage in Charlotte … (0 comments)
203k loan charlotte: I'm an inspector - why should I know & understand the 203k? Columbia
- 10/30/10 04:37 AM
I'm an inspector - why should I know & understand the 203k? Columbia SC? There are several good answers to that. Every home inspector has been accused of “killing the deal” at one time or another and it just isn’t true. The home inspector is hired to discover whatever they can to “inform the borrower” so they go into the transaction with their eyes wide open. In any case they never kill a deal, the deal just becomes a 203k loan. I did an inspection for a 203k loan refinance and room addition in which I discovered some foundation issues … (5 comments)
203k loan charlotte: I’m a Realtor – Why should I promote the use of a 203k loan for my client?
- 10/28/10 02:13 AM
As a Realtor or Agent why should you push the 203k loan? Let’s start with the other agent, the one that tries to steer you away from the 203k. The only reason that happens is because they haven’t done their homework on the “k” products. That is correct. Why would I sell you something if I couldn’t answer those question you have about that item? I wouldn’t, in fact they are doing everything including lying about the program because they find it easier than taking a 1 hour program to learn it. The program is simple, it is as … (0 comments)
203k loan charlotte: Part 3 - Why would a 203k be better than just paying cash and then getting a construction loan?
- 10/25/10 04:09 AM
Why would I use an FHA 203k loan over a construction loan? Easy it is less expensive and I get a permanent 30-year low interest fixed rate mortgage, one mortgage, no second at a higher rate. Which I see being advertised as before the crises set in. The banks are going back to their old ways of playing with the down payment; you don’t need to do that with a 203k loan or a Streamlined “k” loan. They have a low down payment already. If the buyer can’t come up with it then they may need to rent for a while … (3 comments)
We have been consulting and providing final draw inspection services for HomeStyle Renovation loans since the late 1990’s. This is an interesting loan product as it is available for owner occupants and investors. Unlike the FHA 203k this loan can be used by investors. We can still assist you with your bid specifications and create your “scope of work” if you like or you can get a bid from a contractor and do it yourself. … (0 comments)
203k loan charlotte: 203k Loan Procedure
- 07/16/10 05:15 AM
What happens when a 203k closes escrow.... The first thing is that no one knows it closed until it closes... sounds odd but only then does the buyer and his lender know it closed. I had a call from a client a while back who, after four days was upset that the contractor hadn't started work yet. The contractor and I don't have a clue that the loan has closed until someone lets us know. Only upon notification of the close does the contractor then begin coordinating the materials for the work, and work out the logistics of how the work … (1 comments)
High tension towers can be a problem, most people just don't like them. Years ago I was one of three RE appraisers hired by Cal-Vet when I received a call about a home in Crockett CA. When I was asked to go appraise it, I immediately told my boss at Cal-Vet that we can't loan on that home. 
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