FHA 203K Our solution was fairly creative.We wanted to sell ... This was where the Federal HousingAdministration (FHA) 203K lending program came in.This is a program through the Department of Housing and Urban Development (HUD). The program allows the buyer who qualifies to purchase the property and include in the new loan the cost of making necessary repairs and improvements. ... At the closing, we get paid and the remaining loan proceeds are put in an escrow account.
|Title||:||Make Money in Abandoned Properties|
|Author||:||Chantal Howell Carey, Bill Carey|
|Publisher||:||John Wiley & Sons - 2006-10-11|