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Most mortgage financing plans provide only permanent financing. That is, the lender will not usually close the loan and release the mortgage proceeds unless the condition of value of the property provides adequate loan security, When rehabilitation is involved , this means the lender requires improvements to Continue reading… FHA 203(k) financing helps buyers take advantage of as is bargains Dennis Norman By: Dennis Norman According to a report issued by the Office of the Comptroller of the Currency (OCC) as of June 2009 there were nearly 2 million foreclosed homes. Many of these foreclosed properties are still vacant and in need of repairs. Many buyers are seeing these foreclosed homes as an opportunity to buy a home Continue reading… An FHA 203(k) loan may help your clients purchase foreclosures |
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