talking? It would be a push to close in 30 days I think but our lender said doable.
Part of why the 203k works for us in the 6 month period it allows for construction and putting mortgage in escrow account since we will still be living in our current home during construction.
The "winner" is simply the buyer willing to pay the most. The seller does not care the amount of the down payment.
You can buy a REO like buying from a regular seller.
Piece of cake.
You can most certainly use a 203K rehab loan for a REO home purchase. You can really use that type of loan with any home you find that you want to do renovations. That is great you already have a contractor. I can help you if you are not working with any other realtors! I specialize in Annapolis! My husband is a lender that does these types of loans for my clients all day long! :) Call him for the loan part-even if you don't need me. His name is Brent Knipp w/Residential Home Funding 410-790-5074. Just let me know what WE can do to help!
Remax Advantage Realty
The owner has abandoned the property. We have an offer in on it as a short sale which the seller accepted. The BPO has been done. For some
reason the seller has totally dropped out and the house is being listed as a foreclosure with and auction date set for one month from now.
Anyway, another question is how easy is it to get FHA 203k 's to close in 30 days? We would need to submit our architectural plans as well as pricing from our contractor, right?
How do we contact you?