Bank Owned Foreclosure: Remodel & Renovate All Locations : Advice

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Susan Zongker, Real Estate Pro in Charlotte, NC
Susan Zongker answered:
When using a FHA203K loan in North Carolina are you able to do totally renovate your home? For example how the Property Brothers on HGTV do.
Hi Ashlee, I'm am not sure if you can completely gut it from top to bottom, but know it is possible to do both cosmetic and structural changes to the home. This is the "full blown" 20 ... more
0 votes Share Flag Thu Feb 6, 2014 Remodel & Renovate in 28227
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
reWhen a person has been dead for three years and the bank will not release the condo that forclosur ...
If it goes to auction at the courthouse you could bid on it then. Otherwise you are best off to wait for the foreclosure process to end and see if the bank gets it back at auction. If s ... more
0 votes Share Flag Thu Nov 10, 2011 Remodel & Renovate in Jacksonville
Adam Zagel, Real Estate Pro in Clackamas, OR
Adam Zagel answered:
I'm looking at a duplex foreclosure and wonder how much it is to remodel it. Focus would be on inside, n ...
Are you looking to flip it or get renters in it. I own my duplex that I have done work in. Give me a call we could chat.
0 votes Share Flag Thu Aug 11, 2011 Remodel & Renovate in 97218
Nick Sakalis, Real Estate Pro in Plainview, NY
Nick Sakalis answered:
When I bought my home five years ago, it has a garage converted kitchen without permit. Is that possible for me to get loan refinance now?
Unfortunately, this problem come's up often. Many people don't even realize its a problem until its time for them to sell or refinance. It may be possible to refinance with ... more
0 votes Share Flag Sun May 26, 2013 Remodel & Renovate in Sunnyvale
Dan Tabit, Real Estate Pro in Issaquah, WA
Dan Tabit answered:
how can i get a remodeling job from the bank in the foreclosure houses?
Most bank owned homes have projects managed by the agents who list them for sale. Your best bet would be to find out which agents in your area list many REO's and meet wi ... more
0 votes Share Flag Fri Jan 14, 2011 Remodel & Renovate in Chicago
Michael Hamm…, Real Estate Pro in Suwanee, GA
Michael Hammond answered:
Anyone know any scoop on 4454 Jett Road Foreclosure? Serious mold in basement worries me....consid ...
The listing says "as is, no disclosure", Worried, so consider using a great inspector with an extended due diligence period, in my humble opinion. Good Luck!

Michael Hammon ... more
0 votes Share Flag Tue Mar 2, 2010 Remodel & Renovate in 30327
Betty Byrnes, Other/Just Looking in Kokomo, IN
Betty Byrnes answered:
looking for foreclosure homes due to property tax owed
There's a misconception that foreclosures are because of delinquent taxes.
-A foreclosure is finalized at a sheriff's sale and is because the owner defaults on their mortgag ... more
0 votes Share Flag Wed Sep 9, 2009 Remodel & Renovate in Indianapolis
Jennifer De…, Real Estate Pro in Orlando, FL
Jennifer De Vivo answered:
How much would it cost to install new AC units in a 1200 sqft home? Its a bank owned home and the previous ...
Hi Zack,

It could be 3k to 5k depending on the contractor and model type. I have come across this often and find the best way to get the best price is to get a few quotes. If you w ... more
0 votes Share Flag Fri May 1, 2015 Remodel & Renovate in 32826
Gloria Commi…, Real Estate Pro in Hermosa Beach, CA
Gloria Commiso answered:
Remodeling for less?
Hi melinda,I had an estimate for replacing a long driveway and repairing a walk way. I had estimates from 12k to 16k. I recently recieved 2 new estimates 7k and 9k. I also had paint est ... more
0 votes Share Flag Sat Jan 16, 2010 Remodel & Renovate in Los Angeles
Kate Painkin, Real Estate Pro in Cape Coral, FL
Kate Painkin answered:
due to the extensive damage will it be repaired by owner, or will price significantly drop?
According to the MLS, this listing has expired. In answer to your question, it will depend on the owner. If you would like me to investigate this further for you, I'd be happy to obli ... more
0 votes Share Flag Thu Sep 23, 2010 Remodel & Renovate in Cape Coral
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