repairs: FHA 203KS gets foreclosure-ravaged listings sold
- 07/06/10 11:28 AM
At Mackinac Savings Bank we have been offering the purchase & renovation loan offered by HUD for years. We think the FHA 203KS is the best tool for Realtors to move their foreclosure-ravaged listings more easily. But it takes an imaginative Realtor to use the tool to get their client's home sold. The best way to illustrate the way some Realtors have used this loan to sell their "dog" listings is to relay some of the rehabilitation work we see: •1) The purchaser needed to close quickly. The detached garage was in need of re-building. Instead of the time consuming process to get multiple quotes, … (1 comments)
At Mackinac Savings Bank we have been offering the purchase & renovation loan offered by HUD for years. We think the FHA 203KS is the best tool for Realtors to move their foreclosure-ravaged listings more easily. But it takes an imaginative Realtor to use the tool to get their client's home sold.
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