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Mykel Martin's Blog – August 2009 Archive (2)

Who’s Going to Five Star?

Hey, who’s going to Five Star? I responded to a post about a month ago that I thought I’d share with you if you’re going.

The Post:

I will be attending the 5 Star conference this year in hopes to further the REO business for my company. Can anyone that has attended this in the past give me any pointers.

My Reply:

Just remember...when you go, you are there to get information - you are on… Continue

Added by Mykel Martin on August 21, 2009 at 11:30pm — 4 Comments

Renovation Loans/Rehab 203K Financing

If you've been passing up homes that require repairs, there’s renewed interest in the 203(k) FHA loan program that lets qualifying candidates borrow a single loan with a 3.5 percent down payment to cover both the home’s selling price and the cost of licensed contract work to improve the property.

Popularity in the 203(k) FHA loan program, or Rehab loan as it is often called, has nearly doubled since last year due to the large inventory of REO homes. This years, demand is on pace to… Continue

Added by Mykel Martin on August 21, 2009 at 10:30pm — 4 Comments

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