Look into a Wells Fargo Renovation Loan. This loan requires licensed contractors do the work, but they will lend you the entire amount as part of the first mortgage. The appraisal is completed using the information from the bids that are received from the contractors to determine the value of the home after the renovations are completed. - Fri Jul 11 2008, 11:50
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.