Nicely put, GRFolks.
It may be a hassle, but going to the lender's site directly will yield some possibilities. For instance, Wells Fargo's foreclosures website is www.pasreo.com .. If you find anything there and have questions, be sure to contact me. firstname.lastname@example.org take care,Jim Behrmann
Hey Andrew! I experienced the 203k training this afternoon. There is a lot of paperwork involved! But, like anything, you get used to it and become more efficient. You do have to make sure that the borrower, the builder, the appraiser, and etc fill out the documents completely or you will get it sent right back to you. I don't think it's a bad program, but I probably won't be doing a ton of them. By the way, our pricing is capped at 103.Jim Behrmann
Certainly sounds good. Keep us posted!
First thing you shoud do is get pre approved from a lender, if you haven't already.Jim
Do you really like the house or the deal you think your getting? Is the home worth $359,000? Do you make enough monthly income that would make your housing costs about 25% or less of your income? You don't have to answer me..just think about it. Sounds like a great deal though!Jim
I agree that you should buy a less expensive home and pay down that debt with your $100,000. You'll still have enough for 10% down on a $600,000 home.Good Luck!Jim
These conversations remind me of the 'Extreme Home Makeover' show...which I'm am suckered into watching each week. However, I can't appreciated the over indulgent square footage, flat screens in every room, blah blah, etc. Plus, I'm a little (a lot) jealous! ha ha
Just rent brother.
My Credit Union, for instance, has a list of the properties on their website that they are foreclosing on. I'm not sure if this is common, but it's a great idea!