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| Follow the Steps to HBR Success! |
Home Buyers Rehab Process At A Glance
Client Interested
Determine Max Loan Amount
Realtor Consultation
Create Your Dream Home on Paper
Locate Property
Submit Offer
Your Offer Accepted
Engage 203K Consultant/HUD Inspector
Contractor Provides
Normal Loan Process Resumes
Client Interested
- Register for next workshop
Determine Max Loan Amount
- Pre-qualify yourself and/or get your "Approve/Eligible"
Realtor Consultation
- Determine where you would like to live
- Details of the property you would like to live in
- Other criteria that's important to you
Create Your Dream Home on Paper
- Begins process of completing "What You Like" form
Locate Property
- Determine Budget
- Buyer Confirms Will Purchase if Within Budget
- Bring in Contractor for Free Estimate or Take Pictures and E-mail them to Contractor
- Bring in 203K Consultant for Feasibility Study (approximately $200)
Submit Offer
Your Offer Accepted
- Sign Loan Paperwork
Engage 203K Consultant/HUD Inspector
- Meet with Home Buyer & Contractor at Property
- Validate Contractor's Estimate
- Generate Specification of Repairs (SOR)
Contractor Provides
- License
- Insurance
- Profile
- Signed Home Buyer/Contractor Agreement
- Signed Specifications of Repairs
- Order After Improved Value Appraisal using Signed SOR
Normal Loan Process Resumes
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Copyright © 2009 Home Buyers Rehab Ltd. All rights reserved.
