Mike's 203k Blog

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Home Inspector - 203kOnLine.com, covering the USA - S0289
203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.

ARCHIVED BLOG POSTS

2010 

The word on the street is that Bank of America is beginning to foreclose at an alarming rate. This will likely dominate the market with foreclosures the likes we have never seen. Wow. The word I heard was that there will about 45,000 hitting the market per week by November 2010. That is astoundin...
05/26/2010
Saw two manufactured houses yesterday. The 203k is is a great way to bring a home up to snuff. You can update the home for sure but many times is is all about installing a perimeter foundation so the home qualifies for FHA financing on owned land.  You can actually replace a home with a modular h...
05/22/2010
I'm hearing from people all over the USA that in spite of record foreclosures and record "shadow inventory" of properties we have a lack of homes available in the MLS... How can that be? If you are having this problem in your marketing area we may have a solution for you. Please let me know where...
05/21/2010
I have many real estate professionals call asking me about how they might profit from the 203k loan programs. So.... We offer several avenues of training for real estate professionals and they are FREE for the asking. We can come out to your office and put on a seminar to educate you in the "How ...
05/16/2010
2 Comments
Anyone in Charleston SC needing more info on the 203k. I'll be making a personal appearance in Charleston, Greenville, and Easley next week. I'd be happy to stop by and go over it with you. Charleston is heating up. We have several projects going on there now as well as Myrtle Beach. If you are l...
05/14/2010
Stopped in to have lunch yesterday and met Marjorie Santos and her associate at Chevy's Tex Mex restaurant in Vacaville and was able to participate in a fund raiser. It was fun seeing the TBWS stars Brian and Frank there after seeing them at the Mortgage Revolution last week. It was good to see t...
05/14/2010
Anyone got a handle on the new rules for the EPA lead renovation guidelines? If the home you are about to renovate is built prior to 1978 (1980 in reality) you must assume it has lead based paint until you find out otherwise... suit up and test it. If it doesn't then you are safe to go to work. I...
05/13/2010
See you tonight in Roseville, CA at Paramout Equity Mortgage 6:45 pm - 8:30 pm... You will learn "203k Secrets" and how you can use the 203k in your business. We look forward to seeing you there (if you have a ticket). If not then please go online and get a FREE ticket while they last.  FSBO sell...
05/11/2010
How about these non-profit organizations being the buyer... When they buy a HUD house they get first look, they can get $100 down houses, 50% off the final sales price. But what do they sell it for? They are held to a 10% profit.  What is the benefit then? Simply this, the person that will ultima...
05/10/2010
1 Comments
You always wonder who is listening to what you have to say and are you being effective with your presentation... I received a call yesterday on a client I've been working with to get all of their Streamlined "k" inspections and they blew me away yesterday with the revelation that I was effective....
05/08/2010
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Mike Young

FHA 203k Consultant 916-758-1809
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