Monday, January 11, 2010

203K Loan

This picture was taken 4 months ago. At that point we thought closing on this house would be easy we found it to be quite the opposite. By leveraging the nontraditional 203K loan we were able to buy this house in the condition classified as disrepair. The 203K loan allows for an escrow fund to be setup and used for immediate renovation. We wasted no time getting started.

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