Well Done George... Nice read and some handy perspectives and information. :)Many people dream of becoming a real estate investor, but few actually do. It is a big step with great rewards, but it is a leap for many people. Twice this week I have had conversations with friends who find themselve
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06/21/2010
Okay folks... A 203K quiz... Single Family home on 1.5 acre lot. It has a main house of about 4000 sf and a guest house of about 2000sf. The guest house is detached by definition, however, it attached to the deck of the main house via a covered breezeway.... (hint, hint). IS this eligib
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06/17/2010
When you are doing a 203K loan, it might be a good idea to start with an inspection. HUD has a list of licensed and active 203K Consultants that are trained to look over the project to determine what needs to be done for FHA Minimum Property Standards, as well as whatever else your buyer may wan
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06/13/2010
Great Information here... Please READ !A short sale can be an excellent solution for a homeowner who owes more on their home than what it is worth and has to sell. Unfortunately a number of myths about short sales have developed and it is important you understand the reality of this process if th
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06/12/2010
Short Sale / Foreclosure? * Well, the inventory is FULL of these and you will need some type of loan that allows you to attain a mortgage not passing an appraisal. * These loans are available to buy the house AS-IS, and have money to fix it up the way you want it, ALL IN THE SAME LOAN! *
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06/12/2010
SOOO... What do you think about FHA Mortgage Insurance?? Necessary Evil, right? Well, what would you say if I said it just TRIPLED??? Please tell me... In a near unanimous vote of 406 to 4 Thursday, the U.S. House of Representatives passed a bill intended to replenish the coffers of the fed
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06/11/2010
203K's... the misunderstood, misguided, misnomer of the lending world; Who really wants to do them? ME! These wonderful loans are here for us to buy properties that will not pass an appraisal in their current condition and they allow us to submit a contract to purchase it AS-IS. This means we wi
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06/09/2010
Good Morning from the Island of Saint Lucia... (Yes, I'm pathetic... here on my honeymoon and blogging....) Brent is bringing you a new report and word of caution regarding 203K's and REO's. This isn't something that happens exclusively with REO's, but you will find this occurance here more oft
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06/03/2010
