fha 203k rehab loans: FHA 203K Loans Help Homeowners - 10/25/11 11:01 AM
I remember back when I went to real estate school, when the instructor was explaining contracts and listings he said "just mark cash and conventional, nobody ever uses FHA or VA you won't get the owner to accept it". Times sure have changed, today with large number of distressed properties either short sale or banked owned often times the prior owner has left with appliance in hand or the property entered into a state of disrepair as the owner worked their way through the default process.
So, in comes the perfect prospect and the house is a great value, destressed and … (12 comments)