Mike's 203k Blog
203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.
ARCHIVED BLOG POSTS
2011
2
Comments
Believe it or not there are a lot of builders that buy homes to live in and they want to do the work for themselves and save the money. We call it "Self Help" and it is frowned upon by most lenders and for valid reasons. 1) The owner builder will stop their own job in a heartbeat if they get busy...
03/04/2011
3
Comments
The appraisers these days are not always bringing in the values that the buyers and sellers have agreed upon. I remember years ago when in Berkeley they were having auctions to sell property. They would put out a price that was clearly to cheap to sell the home and say they would have the auction...
03/03/2011
Since 1994 as we drive from here to there my wife has always pointed out "there is another 203k". Some things never change so I started pointing out some to her the other day as we passed a foundation that has been there for at least 16 years and no house has gone back up on it. Why not? It is pe...
03/02/2011
Rainmaker
666,685
666,685
Mike Young
FHA 203k Consultant 916-758-1809
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