fha 203k streamline: Watch out on FHA 203K Streamline loans - The contractor can get screwed! - 06/18/11 04:52 AM
I've probably sold my last home on an FHA 203K Streamline loan.  They seemed pretty cool, and last year I sold 3 homes with them.
But yesterday's call changed all that. "Sally, I haven't been paid on the second half yet", said the contractor. "9,350 bucks worth".
We had been told the last draw, which is half of the contractor's bid, would take about 4 months from the completion, so had not worried.  The bill had been submitted to the client, and they had their final inspection with B of A. It had only been 9 weeks.
I called B of … (24 comments)

fha 203k streamline: How to buy a fixer with an FHA loan. - 04/16/10 10:33 AM
They're all over these days.  Bad roofs.  Stolen appliances. Dry rot.  How the heck do you buy one of these homes if you don't have Fort Knox in your backyard... ie an all-cash purchase?
After all, even with 20% down a regular loan won't be approved if the roof is shot.
But there is an easy way.  It's name is not easy - but the process is.  It's called an FHA 203K Streamline loan. (told you it was a mouth full!)
I just closed two escrows with this streamlined loan, with escrow of about 45 days.  Here's how they work. You pick your … (10 comments)

 
Sally Dunbar, Fair Oaks Realtor - Fair Oaks Homes for Sale (Lyon Real Estate, Fair Oaks CA (Sacramento Area))

Sally Dunbar

Fair Oaks Realtor - Fair Oaks Homes for Sale

Fair Oaks, CA

More about me…

Lyon Real Estate, Fair Oaks CA (Sacramento Area)

Address: 8814 Madison Avenue, Fair Oaks, CA, 95628

Office: (916) 535-0356

Mobile: (916) 524-1548

Fair Oaks homes for sale by Realtor Sally Dunbar, who's been hoofin' it through the homes of Fair Oaks and the surrounding areas, matching up eager buyers with ready-to-move sellers, since 1979.

While I sell homes in Fair Oaks, I venture in Sacramento, Carmichael, Citrus Heights, Orangevale, Rancho Cordova, Gold River, Folsom, El Dorado Hills, Roseville, Rocklin and Granite Bay...(and Chevron loves me!)

How have I survived for so long?... By always doing what's right for my people.... Always!

Now check out my video about why I love Fair Oaks...



Short Sale, REO, foresclosures??? ... find out the difference below...



How do you pick a listing price? See below...



What price should you offer when you've found the home of your dreams??? Find out below...



Prepping your home for sale??? Don't miss the video below...

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