Enjoyed the first one? Here's dose number two:
MYTH: "I want to buy an REO fixer that is currently unliveable (no plumbing fixtures, broken indows, leaky roof, no built in appliances). There is no financing available."
FACT: FHA 203KS loans allow an owner occupant buyer to finance 97% of a home purchase "as is" and provides up to $35,000 for refurbishment/repairs AFTER escrow closes.
This is a five part series provided by mortgage consultant Huck Ferrill. If you are thinking about buying an REO, give me a call! I will put you in touch with him!
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