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windsor: 203k nostalgia - investor program - Sacramento to Santa Rosa - 03/31/12 10:01 PM
During the 1990's there was an investor loan program that had what they called the "escrow commitment procedure" whereby the investor might purchase a property for $200,000, add another $200,000 in repairs, and if it appraised for $600,000 it would get an "escrow commitment" based on the "after improved" value of $600,000 x .965 or $579,000 would be placed in an escrow. 
The loan closes and the construction begins just like the owner occupied program. As the work progresses draw payments are paid out for work completed which is still verified by an inspection by the 203k consultant now acting as … (5 comments)

windsor: 203k loans in Ft Collins CO - 12/10/11 12:22 PM
Hey there  I see you have a new 203k consultant in an old familiar home inspector's suit... KC Johnson of ProCheck Home inspections. While KC has been inspecting homes for a number of years he has heard the call of the FHA 203k and other renovation loans and answered it.
If you have a home that is in need of repairs now KC can add the 203k Consultant's report for you and help get those loans closed faster. 
Lots of you are making and getting 203k offers on this type property and we are all appreciative. There are a few out … (5 comments)

 
Mike6 Rainmaker_large

Mike Young, 203k Consultant 707-812-7668

Roseville, CA

More about me…

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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