HUD Extends Disaster Foreclosure Moratorium

203k consultant software

On October 20 2017 the Federal Housing Administration (FHA) published Mortgagee Letter 2017-15, Extension of Initial Disaster Foreclosure Moratorium for Properties in Specified Areas Impacted by Hurricanes Harvey, Irma, and Maria. This Mortgagee Letter (ML) communicates specific guidance for the extension of the foreclosure moratorium for FHA-insured properties in the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA)-designated Individual Assistance Areas that are located within the Presidentially-Declared Major Disaster Areas for Hurricanes Harvey, Irma, and Maria. The extension of these three initial moratoriums applies to the initiation of foreclosures and foreclosures already in process.

Read More…

Tips on Finding the Best 203k Consultant Software

The 203K loan helps individuals to acquire a house that needs some repairs and has minimal down payment requirements. If you are a professional, a contractor or homeowner that gives out these loans to qualified individuals, you need to get the best 203K Professional Software. This software will help you be able to manage repairs, generate forms, costs, and prepare loan documents. Below are guidelines for choosing reliable 203 K Professional Software.
Read More…

203k Loan Appraisal & Property Requirements

Rehabilitation Mortgageser 1
General D HOC Reference Guide
203k Rehabilitation Mortgages
Chapter 1
Appraisal & Property Requirements
Page 1-10

The Section 203(k) program is the Department’s primary program of General or the rehabilitation and repair of single-family properties. The Section 203(k) program is the Department’s primary proforma for the rehabilitation and repair of single-family properties. The program allows the borrower to get just one mortgage loan, at a long-term fixed or adjustable rate, to finance or refinance both the acquisition and the rehabilitation. Please see: HUD Handbook 4240.4 rev-2 and 4150.2 Appendix B-Please see: HUD Handbook 4240.4 and 4150.2 Appendix B-1 for additional information. See Mortgagee Letter 2005-50 for information on the Streamline 203(k) process. The 203(k) loan program may only be used condominium units located within structures (buildings) containing no more than 4 units. The repairs involving a condominium unit are limited to the interior space of the unit. (Cooperatives are not eligible for 203(k) mortgage insurance). Also see: HUD Form 92700 203(k) Maximum Mortgage Worksheet (2/06).
Read More…

Online HUD consultant software going live Oct 1st 2013

We are going live Oct 1st.
Easy 203K Professional is now available to HUD Consultants! Sign up for 30 days FREE. We are welcoming HUD Consultants from anywhere in the United States. You can use the site to create as many 203(k) projects as you like at no charge for 30 days, then if you like it, choose from our current pricing plans and keep using it.

We are adding features all the time, thanks for taking a look!


203k Consultants

HomeBuyers and Real Estate Professionals