203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.
ARCHIVED BLOG POSTS
The 203k is an excellent option for getting handicap access to a home. Ramps, wider doors, improving access to showers, etc... all these repairs can be added to your 203k scope of work. If your client is looking for a home and finds it but it needs work for accessibility... the 203k is an option ...
203k rehab loan program... how can you get more RE sales? be sure your RE listings include the words 'rehab' if you want to make it easier for 203k buyers to find your listings. I can't believe how many homes need some amount of rehab and the listing doesn't say anything about it. don't worry abo...
Can a contractor be a 203k consultant? Absolutely. in fact a contractor can make a great 203k consultant. Recenlty we trained a couple of contractors in the same city in SC. They are working on several projects together now. Each one is bidding on the other's projects. I received a call from a...
We are going to have a 203k training session on June 4th in Columbia SC... there is a limited number of seats so... let me know if you want to be there at 10 am and i'll pass it along to the moderator. This is a FREE, live event and you can expect to have several tools to take with you from the s...
Wow. What do you do when a 203k borrower ignors your work write up and thinks they have all that money to do whatever they want to do. That is the call I had today. What a nightmare. Contractors were given different instructions by the borrower that contridicted the job specs which clearly descri...
Sat in on the FHA update telephone conference today. Very good presentation by the way. Anyone who missed it should go to http://www.fhaoutreach.gov/FHAHandbook/prod/index.asp and check out the new handbooks 4155.1 and 4155.2. they are searchable in their format and have hyperlinks throughout. If...
A friend and i were just talking when she started talking about the issues in the banking system today... Follow the money. Who made money with the real estate values were going up uncontrolably? The banks. When the $%@ hit the fan who gets the bail out money? The Banks. Gee whiz... let's contro...