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The Truth About Price Per Square Foot

I’m interested in educating the public about the fallacies of only looking at price per square foot because it can lead to inaccuracies when estimating the value of your home, especially when you use it to arrive at an asking price for your home.

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MS Consultant Gary Smith Remodeling Advice

6 Assumptions That Fail the FHA 203(k) Remodel

It’s not wise to take on any project without doing a little homework. With respect to the 203(k) talk it up, ask for recommendations and begin to gather an experienced “team” of professionals. You’ll be the team’s coach.

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‘Rehab’ Loans to the Rescue

In the end it was another loan that came to the Mercados’ rescue: the Federal Housing Administration’s 203(k), also known as the F.H.A. rehab loan, which is designed to cover not only buying the home but also renovating it, and is then paid back like a regular mortgage. A hybrid that has been around for […]

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To Realtor – The Right Way to Get Your 203K Estimate

This past week, I had three conversations with Realtors who had buyers who were looking at foreclosed or short-sale homes. They were considering using the FHA 203K program. All three Realtors wanted a bid so they would know how much to offer on the house. Many Realtors think this is where the 203K process starts. […]

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Refinancing America 2012: Can the Obama Plan Fix the Housing Market?

One of the focuses of each of these plans is homeowners who pay their mortgage bills despite the fact that home values have dropped and many homes are now “underwater.” This means their values are below what’s owed to the bank. Many of these mortgages also have interest rates nearly double the current current interest […]

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Successfully Selling a Rehab

The challenges sales agents face continue to plague the market. With the high number of foreclosures on the rise many sales agencies are realizing the benefits of FHA 203K Rehab loan. But how do you sell it? What sets this loan program apart from a standard sale? There are pros and cons to every market […]

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A Perspective on the Standard Sale vs the 203K Rehab Sale

I see firsthand the potential savings that lie just below the surface of the FHA 203K Loan program. The value appreciation and subsequent positive karma derived from wise investing creates joy in those who benefit, and the money isn’t bad either. As a 203K consultant I’m constantly

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White Paper Supports Bringing Back the 203K Investor Loan

Increased Lending and More Loan Modifications and Short Sales, Key to Recovery, Say Realtors(R)

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