Posts Tagged ‘renovation’
Foreclosure and Bankruptcy Decisions
“My attorney referred me to you. I am currently in foreclosure, but in spite of the situation I have a good amount of equity. Here is the thing, I can file for chapter 13 bankruptcy or a chapter 7 and wipe out all my obligations. I want to keep the home, but I have held…
Read MoreBuying a Home that Needs Renovations
My realtor gave me your contact information, he showed us a home that needs extensive renovations. The bank that she normally works with doesn’t do any kind of renovation mortgages and they recommended calling you. You do these types of loans, correct? The asking price is $640,000 and has been on the market for quite…
Read MoreAvoid Mortgage Insurance on a Renovation with a Fannie Mae Homestyle Loan
Hey Joe, Tell me your thoughts. You know we have not been able to find a home that checked off all the boxes. We see a property that has our attention, however it needs some work. As you know we will be putting down about 25% down so doing an FHA 203K would require mortgage…
Read MoreIs It Time to Build Your Dream Home or Renovation?
After two years of steady increases, lumber prices are retrenching and becoming somewhat normal. The current inflation rate has continued to hurt lumber and other construction material costs. “Last Friday, lumber prices in the U.S. dropped below $500 per thousand board feet for the first time in nearly a year. That marked a 67 percent…
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