If you can go Fha my advice is to do that and get your assistance. 203k loans are difficult and mostly they require funds as there is a higher risk. Otherwise find a rehabbed house or individual owed house. I have 3 rehabbed properties in park forest and hazelcrest that you can get assistance and pass Fha. Inthe long run often this us a much better deal. Monthly the difference is nominal.... more
It is interesting why foreclosures don't show more pictures. I have resolved that sometimes it is a tell tale sign of what is on the inside and sometimes it is just the case of a lazy broker. But it is very common, almost the standard with foreclosure properties, unfortunately.
The only real way is to see them. I just wrote a blog on foreclosure properties that is on this site, you should check it out - important info to know. Great opportunity with foreclosures, but you need to go in eyes wide open.
Feel free to contact me if you need any help.
RE Homes Source
What is your loan officer advising as to the delay in securing your loan--do you not qualify, did you switch to another lender, etc.--speak to your loan officer and agent as they can best advise as it relates to your situation--you need to know why the delay and what can be done in order to speed the loan up.... more