203k in Fair Oaks CA

The FHA 203k loan in this case is for a purchase on a short sale. This loan as you may know is to purchase and renovagte a 1-4 unit property all in one low interest loan. No more popular than this FHA product by the way.

The home has s shakeroof that is well beyond it's useful life... needs new roof, the pool is in pretty good conditin but the gates done' close and latch automtatically. I'm surprised the bank that owns this one has fixed that... a real liability for them in it's current state. I've see the outside but the agent and borrower are on their way to open it jup so we can get a taste of the interior. I expect the roof has been leaking for some time and there will be lots of water damage. letswatch and see how this one pans out.