FHA 203K - Problems & Pain Points

www.203kworld.com & Brent Kluge disclose the REAL WORLD TRUTHS about the Problems & Pain Points with the FHA 203K. Please check back for more informative videos and information both on YouTube and at www.203kworld.com. Also, please help me out by clicking "Like" and even "Subscribe" if you believe this information is helpful. :)

Many Thanks! :)

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[kuualoha2008]

I have a question, once the 203k loan is refinanced into a Conventional loan (from a conservative FHA appraiser) My question is that once its refinanced out of a 203k and sold to the secondary market, who pays back this fee? The lender is expecting at least 120 days in servicing the loan, so wait 6 mos and eliminate the cost. or the Loan Officer if its less than 120 days? I've never heard of this on this type of loan however; you gave me some good tips that I will take into consideration.

[kuualoha2008]

I wanted to comment your video's are very informative and by watching them gave me more tips that I never knew into these types of loans. I'm interested in watching much more of your videos and blog as well. I have a friend that is looking at buying a 4 plex to fix up and purchase. Also, since this is an FHA loan, the borrower has to at least lvie in the property 1 year or 6 months to consider an owner occupied loan.

[kuualoha2008]

Hi, I have been in the mortgage industry many years and had the opportunity to try to help a friend in getting this loan however; the seller was an Asset Management company and wouldn't extend the Purchase agreement to another 30 days to complete the process so, the seller backed out. I find the 203k a perfect loan for REO's buying the property "as is" since now a days the new buyer cannot afford to pay out of pocket costs to rehab the property and the house sits on the market for months.

[203kforum]

Good Job!