Asked by Joanie, Norcross, GA • Sun May 17, 2009
I found a nice property with an old house that is currently "unlivable". The foundation seems fine, and I wanted to know if I can use the 203k loan I pre-qualified for to tear down & build on top of the current foundation?
A local loan person said it couldn't be done, and that there is a $35k limit on funds.
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