If you are selling a property that needs work and your buyer has a FHA203K loan, you need to understand how it
works to your benefit. The section of the website to help you do just that.
Foreclosing - If you are heading for foreclosure and cannot sell your property because it is disrepair you have
another option to investors who will most likely strip you of your equity. If you can give 6% out of your transaction
in concessions this will help the buyer with their closing costs. This will open the door to many more potential buyers
who can qualify for an FHA203K loan, by enabling a near 100% transaction.
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