Valley Fire - Lake County damaged homes - IMPORTANT READ!

Home Inspector with, covering the USA S0289


We need to get the word out as fast as possible. With over 1,888 homes damaged in the fire we need to get the word out fast BEFORE the foundations are removed.


I lost a business, a 5,000 SF brick warehouse full of stuff I had took 45 years to accumulate, to a tornado about 10 years ago in NC, it took everything we had stored in the warehouse, everything, there wasn't anything we could salvage, what wasn't destroyed in the tornado was runied after sitting in the rain for three days before the fire department could render the walls safe for us to return and see what could be saved. What wasn't blown away was now so covered with mold it was a 100% loss. The catestrophic loss is demoralizing at a minimum. 

In this case and due to what we learned in the devastation left by Hurricane Katrina it is important that we move very fast to help those who want it.


 Fire damaged - perfect for a 203k

If we save the original foundation, or most of it, we can likely use the FHA 203k and HomeStyle Renovation Mortgages to rebuild the homes. We prefer the entire foundation but it is important NOT to remove the debris by scraping the ground that would take out the foundations.  These are 203k projects, every one of them. MY Team is willing to do that initial look for FREE to see if we can use that foundation or not. 

If this area is going to be declared or has been declared a disaster area which it is (from what I'm reading it appears this has already been accomplished), we can employ the 203h which is a 203k on steroids, very fast to close.

We can help get these people back in business and back into their homes. Don't wait for the government to do it, Katrina is a great example of what happens if you wait for the government to fix something. New Orleans residential homes are still sitting there waiting for the government to do something. The help isn't coming.  YOU can't wait till the government reacts, it just isn't going to happen. Hurricane Sandy devastation still has thousands of homes that haven't and won't likely be rebuilt anytime soon. The photo op was just that, a photo op. We are all about action and no photo ops are required or desired. Lets just get in there and get this done.  This is about YOU, the victims, not about a political party trying to make a point. We will provide a FREE initial meeting to explain your options, without any obligation. 

Like anything else it is first come first served. Who, in that area, can get us a place to hold a town hall meeting and explain how these homes can be rebuilt quickly and efficiently. 

There will be many who will take the insurance money, and move to another area to start over... THOSE people could donate their land to the person who wants to rebuild it so they can write them off once the insurance company has paid them off or sell them for the taxes they may owe and with the foundations we can rebuild them. This process will allow more affordable housing for those who may want to rebuild here. DON'T just walk away and wait for the foreclosure process as that will keep the area from recovering for a number of additional and unnecessary years.

Others will use these programs to rebuild their homes and keep the cash from the insurance company in their bank thus being better off than they were before. Yes they will have a mortgage but they will have a mortgage on a brand new home and have money in their savings account too. Maybe use part of that money to keep their mortgage payment where they want it. Others will rebuild and own their homes free and clear. There are so many options. Just keep the foundations will open up many more options.

If the house was burned to the ground and the re-bar got so hot as to pop or blow up the foundation then it will need to be a rebuild and not a renovation loan. This may give the entire area a whole new face that doesn't look like the original towns and cities at all.

Happy to report we have a SIP builder that will take your usuable foundation and develope a Structural Insulated Panel house for your exact needs. They go up in about two days then 60 days to turn it over to you ready to move in in most cases. 

 Want to learn more about new construction from the ground up? Click here





Posted by

Mike Young, 203k Team Leader    Mike ready for your 203k order

To learn more about the FHA 203k loan program go to www.203kOnLine.comWhat is your fee? 

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Mike Young

FHA 203k Consultant 916-758-1809
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