All Forum Posts by: Tanya Potts
Tanya Potts has started 1 posts and replied 7 times.
Quote from @Michael Dumler:
@Tanya Potts, not only do you need to complete what Jeff has advised, but you also need to confirm who's name is on the title. Was the property originally owned by a relative or parent/grandparent, if so did it properly go through probate? I've heard many situations of families trying to gain ownership and fight for property. Your situation may be entirely different, neverthless, you need to confirm. Furthermore, as a licensed real estate agent, I'd be more than happy to pull comps for you to evaluate the ARV of the home. I'll send you a separate pm. Hope this helps!
Thank you. I would greatly appreciate the help
Quote from @Tanya Potts:
Quote from @Madeline Malinovsky:
Are you hoping to live in this as a primary? An FHA 203k can be a great rehab option. Most mortgage lenders are able to do these. I'd reach out to a local bank/lender.
I am not looking to live there. I live in VA now.
It was owned by my grandparents and put into a trust. The whole lot is broken into 3 parcels and we are down to this last one. I would truly appreciate the help
I do know that no money is owed. We just pay the yearly taxes. The county has the land valued at 62,700, house at 27,400 with a total value of 90,100. I am not sure about all the numbers and the process you laid out but I am willing to try. Every one else just want me to sell it.
I do know that no money is owed. We just pay the yearly taxes. The county has the land valued at 62,700, house at 27,400 with a total value of 90,100. I am not sure about all the numbers or the process but I am the only person that is willing to figure this out. Every one else wants me to just sell it.
My family have a property that needs rehab badly. Want to rehab and rent it out since the family has pretty much abandoned it as we all got older. How can I get financing to do it?