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203K Loans and My Son's Dirty Diaper

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Mortgage and Lending with MVB Mortgage "A Potomac Mortgage Group Trademark" NMLS# 189110 MVB#181319

203K Loans and My Son's Dirty Diaper

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Hello-

If you are still avoiding the 203K loans then you need

to give me a call and let us treat you to lunch. Pretty

simple, right!

These loans are going to be a BIG part of the re-sale

market for years to come so learn how to sell these

homes and loan programs today.

We are always here to help out and remember to

"win the day!"

The ROSS Group & Potomac Mortgage

Rob Ross

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Potomac Mortgage Group, LLC
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Show All Comments Sort:
Jon Quist
COLDWELL BANKER Howard perry and Walston - Clayton, NC
THE BUYERS ONLY Realtor since 1996

You do indeed have to sell those programs as they are a lot more paperwork, more time consuming AND more costly, as they carry a higher interest rate. And you REALLY have to be sure the finished product cost is still within the bounds of a "good deal". After all, the buyer is in essence paying to fix seller's (not the bank) neglect and theft of goodies from the house.

Mar 31, 2011 05:41 PM
Cheryl Malone
Windermere Van Vleet - Medford, OR

Great information.  Thanks for sharing.  I have never used one of these loans, but feel more comfortable with good information like this.

Mar 31, 2011 05:45 PM
Beth Larsen
RE/MAX Sedona - Sedona, AZ
Sedona Arizona

Rob, with a title like this I just HAD to read your post! Very good video presentation about the FHA 203K loan program, thanks.

Mar 31, 2011 08:52 PM
Shannon Milligan, Richmond VA Real Estate Agent/Associate Broker
RVA Home Team - Richmond, VA
RVA Home Team - Winning with Integrity.

Love the comparison to the dirty diaper - ha! Good info as well. I am just becoming more educated on this type of loan and will certainly call you when I need some more help. Thanks for the flier - and welcome back from that vacation!

Apr 01, 2011 02:02 PM
Rob Ross
MVB Mortgage "A Potomac Mortgage Group Trademark" - Friendship Heights, DC
MVB Mortgage

Hey Shannon,

I am glad you liked it.  The 203K loans and homes are really cool.  We are doing a ton of them.....I see many realtors using this as a niche.

Talk with you soon...

Rob from Reston

Apr 02, 2011 02:16 PM