203K Rehabilitation Program – Breaking it down into 12 Easy Steps

I toured a home with a friend of mine the other day. She is tired of apartment living and with low, low interest rates, and a record number of homes in foreclosure, she realizes that now might just be a good time to make a move. Do you think that might have anything to do with hanging out with me? Nope. Me either. Anyway, we toured one home that, with a little love and a lot of work, will be a real good investment. We saw several issues commonly found in lender owned homes.  Then we went to the lower level and saw the “big problem”.  This home has a block foundation that is cracking horizontally, shifting, and needs attention…pronto. It’s a perfect contender for the 203k. Read more