barbeehd's Advice

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barbeehd wrote:

Rehab loans, not to live in the house?
What if you want to rent it out and not live in it? 203 won't work???
November 27 2012
Inherited old house (in a trust). Needs so much work, rehab that no one wants it. Can't afford the t
Inherited house is in IL. I live in AZ. My income won't qualify for another loan. The bank trust officer said they can't help. If I can't rehab it, it will sit there, have to pay utilities, taxes, vacant homeowner insurance. Impossible situation. Don't know where to turn.
November 27 2012