Want To Buy A Handyman Special??

On January 6, 2012, in Home Buying Process, Mortgage Programs, by Bill Sohan

    With a Maryland 203k Loan new homeowners can purchase that handyman special: 1.   Locate & put a contract on the property 2.   Determine the value w/ a home appraisal 3.   Have the 203K loan  underwritten using FHA guidelines. 4.   At closing the seller is paid off.  Depending on 203K type, you can either get [...]

Real Estate Goes to Rehab!

On July 28, 2011, in Tips And Advice, by Bill Sohan

Why does everyone say that 203K loans never close? While it is true that 203K loans take longer and require a bit more work, they can and do close every day in Maryland. It is essential that all parties involved understand the 203K process and have experience working with this product. Your agent should advise [...]