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Monday, November 30, 2009

How to Buy a House With a Rehab or Renovation Loan | eHow.com




There are a lot of great deals in the real estate market right now. There are many foreclosures and short sales listed at below market prices. The problem with most of these bargain priced homes is that they are usually in very bad condition and cannot be bought with a regular conventional or FHA loan. How do you buy a home with mold or water damage? How do you buy a home that has a missing kitchen? How do you buy a home with missing HVAC system? One way is to buy this home for cash. Not too many people can afford to buy a house in cash, so here is another way. The other way to buy a house that needs lots of repairs is with a renovation loan. A renovation loan, loans you the money to buy the property and the money to make the repairs. Click here to continue reading...How to Buy a House With a Rehab or Renovation Loan
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