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March 1st, 2009 at 1:52 am

REALTORS, Do you sell REOs?

If You Do . . . Do You Know About The FHA 203(k) Rehab Loan ?
If You Don’t . . . You Should ! – The FHA Market Is Back !

With the 203(k) Rehab Loan, you can sell REOs or ANY house, that needs repairs, With One Loan, One Appraisal and One Payment.

I’ve seen many houses, recently, that have been trashed by disgruntled homeowners, who took all the cabinets, busted the toilets, etc, or gang-bangers, who destroyed the interior walls, looking for copper, to sell.

With the 203(k) Rehab Loan, your Buyers can finance the purchase price PLUS include the funds to do the repairs – all in one loan.

I’ve been a HUD / FHA Certified 203k Rehab Consultant, since 1995, and I am Certified by HUD to inspect the property and prepare the required documentation needed to qualify for the 203(k) Rehab Loan.

I will meet your buyers at the property, they tell me what they would like to do (their wish list) and I will determine what repairs will be required, to qualify for the 203(k) Rehab Loan.

I will prepare a detailed 20 to 25 page, retailed report, which is given to the Appraiser, BEFORE the house is appraised. The Appraiser, will then give you an “After Value” appraisal, as if the all the repairs are completed, as long as he has my report, beforehand.

Contact your favorite Loan Officer / Mortgage Broker, if they are not familiar with the 203(k) Rehab Loan, and many are not, tell them to call me OR you can call and I can refer you to someone I have worked with, who knows how to do it.

Also, don’t hesitate, to call to discuss any scenarios or questions you may have, before an appraisal is ordered and before your clients pay for a home inspection.

I look forward to working with you – call me direct at 909 913-3304

PS I’m also available for in-office presentations.

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