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Updated almost 12 years ago,

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26
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0
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Chris Tom
  • Woodhaven, NY
0
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26
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Question about a short sale, 203k loan and what a RE agent told .

Chris Tom
  • Woodhaven, NY
Posted

Good morning all. Me and my wife and currently looking for homes In the ny/longisland area. We have seen some that are short sale and wanted to bid on one. Being that it's a short sale there was really no kitchen we need all the appliances and some rooms need some touch ups. Now I researched rehab mortgages. I looked up and found that u can get a 203k mortagage to fix up and rehab a home and live in it or sell it. So I asked my agent yesterday and they called their mortage person and I was told I couldn't do 203k loans on short sales. I did a lot of research and I see that u can so why are they telling me I can do that? Any information would be great thank you.

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