- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Real Estate Question: Haggling a Foreclosure
Posted on 11/20/14 at 10:00 pm to AUtigR24
Posted on 11/20/14 at 10:00 pm to AUtigR24
I'll add that this is my first foreclosure purchase and the process has been a breeze so far (to my surprise). I'm doing the FHA 203k loan because the property needs some rehab. The home inspection found some items that need attention so we submitted them to the bank askingb for them fix or give us a credit at closing.
1
Posted on 11/21/14 at 7:31 am to AUtigR24
I looked at doing a 203k a while back, but was worried about having my hands tried as far as who did the work. I like to sub the work that I can't do out myself. if I remember correctly, for the 203k you have to have a gc do the work so they can keep tabs on the money, but you also have to have all of that planned ahead before they approve you. So it leaves you very little time to vet gc's. Can you let me know the timeline of the process you are taking and How it has worked out?
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News