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Why are 203K loans popular these days - Your Washington DC Realtor

By Damon J. Brockenberry

Real Estate Agent with Keller Williams Preferred Properties DC: SP98364962 MD: 601648

October 05, 2010 01:21 AM

Many potential buyers who are viewing properties are asking themselves, what is a 203K, how do I use it, how long will it take to complete, what's the difference, what are the different kinds & do I have to use it. The answers when fully explained can be the difference between a smooth transaction & a nightmare. Within the last decade the way a foreclosed property & the very popular short sale property is bought is totally different compared to years ago. Click for more here

Damon J. Brockenberry (Damon The Agent)

Washington DC Real Estate Services

Servicing Washington, DC, Maryland, & Virginia

cell: 240-694-6460 e-mail: sold@damontheagent.com

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Marcia Kramarz

Re/Max Executive Realty - Medway, MA

CDPE,LMC,CBR

You're right - there are a lot of gray areas within 203k that need explanation - but just knowing there is an option to buy a home that needs rehab is something that most buyers were unaware of in the past. Haven't done one yet but sat in a couple of presentations about it - hope to do one soon.

Oct 05, 2010 01:28 AM

Dan Edward Phillips

Dan Edward Phillips - Eureka, CA

Realtor and Broker/Owner

Good Morning Damon, good presentation on 203K's, we need to be doing more of them in this market.

Oct 05, 2010 01:48 AM

Why are 203K loans popular these days - Your Washington DC Realtor

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Damon J. Brockenberry

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