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Understanding the Specification of Repairs (SOR)

February 19, 2012

FHA 203k Work Write-Up – Specification of Repairs (SOR) It is imperative for the customer, Realtor and general contractor to understand the importance of the Specification of Repairs. Unlike the bid itself from the contractor, this document is attached to the appraisal report and presented to the appraiser to assist in determining the value and future […]

How come more people don’t use FHA 203k loans?

February 14, 2012

Knowledge & Experience Needed! Why don’t more Realtors and customers use FHA 203k loans? It’s a great question! The answer really lies in the fact that most lenders (in house mortgage companies for the Realtors) don’t do the FHA 203k loan, or just don’t do it well. Secondly, Realtors have fear about the FHA 203k loan because of past […]

Weather Conditions

February 5, 2012

We get A LOT of questions that come in all the time and we try to answer as many of them as we can in blog posts so future customers will be able to see these posts and potentially have their questions answered up front. Weather Conditions One of our most recent questions was from a client in New Hampshire.  The customer […]