Showing related tags and posts accross the entire site.
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The key term is "as in condition", which means that Fannie Mae is selling the property "as is" and the purchaser is purchasing the property "as is". Your friend may have a few alternatives if the lender/appraiser has conditions that must be completed prior to closing the...
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Say what you want about current housing market conditions and the U.S. being eliminated from World Cup play, there is definitely a certain portion of mortgage bankers who are downright optimistic - and it's good to see. "I need to raise my hand as a 20-yr mortgage originator and say it's...
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I am looking at a fixer upper in North Carolina. Looking at a 203k gave me no joy because of the requirement to have all the work done by a contractor and in 6 months and I had hoped to do the work mostly by myself slowly over a couple years. Any Idea for alternative mortgage products out there. I would...
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I would check with some local brokers about the FHA 203K program. P.S. I only lend in Florida
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How much will the HVAC work cost? If it is less than 31,500 (the 10% holdback brings you up to the $35K --the 203K Streamline repair maximum), you may be able to do a 203KS. Those are much less involved than a full 203K, and, depending on who you go through, I can think of at least one wholesale lender...