Category Archives: Foreclosures
Loans for Fixer-Upper Homes – 203(k)
The FHA has a special loan called the 203(k) for a homeowner to buy a house and also have money to fix it up. The loan is based on the value of the house after repairs have been finished.
Update on Deficiency Judgments
An update on deficiency judgments in the state of Missouri.
Will Banks Start Playing Hardball With Foreclosures?
Explanation of deficiency judgments in the foreclosure process.
FHA Gets Serious About Dealing With Foreclosures
Most home buyers don’t know what many investor buyers have faced for years: the requirement from FHA that a house be “held” by an investor for 90 days before being resold. For an investor who wants to buy a foreclosed property, fix it, then resell it or “flip” it, this requirement adds thousands of dollars [...]