Category Archives: BUDGETHOUSE RENOVATOR

Moving In Events And Those First Renovation Steps

Moving In With A Surprise For a contractor, or any tradesman, to move out of one residence to another is a daunting task. You have the home furnishings, tools, equipment, trailers, you name it. Add a few nightmare scenarios, and there you have it. Something always goes wrong. My first pre-move trip was designed to kill 2 birds with one stone. I brought my utility trailer to haul furniture to the new house and also to haul off demolition debris while there. Some surprises were in store. […]

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FHA 203k Loan Workings And Issues

Understanding The FHA 203k Loan The FHA 203k reconstruction loan is a type of loan that can make it easier for people with marginal credit to buy a house. It allows people to qualify for a home that conventional loans eliminate. It also provides funds for all types of repairs. One loan covers the whole shebang. This is Part 7 in the BUDGETHOUSE RENOVATOR series that involves the search for, location of, and unique auction-style purchase of my home in the country. The series includes dealing with a foreign based auction […]

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Escrow Trials And Tribulations

Escrow Nightmare Endeavors The escrow process is a very strenuous process when you are doing specialty FHA programs. The Feds require adherence to very specific guidelines and you had better not depart from them. This may be true for escrow procedures that exist for standard loan types, but is a real trial when a 203 k loan is at stake. The initial experience is that you feel like the agents involved are doing everything they can to discourage you from proceeding. You can’t let your realtor take […]

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Escrow After Winning A Real Estate Auction

An Unusual Auction Company? If you win a bid on a house, then your next step is to comply with the requirements of the auction company. The first step is to come up with a fixed amount of money as a deposit. This shows that you are committed to moving forward with the purchase of the house. This is Part 5 in the BUDGETHOUSE RENOVATOR series that involves the search for, location of, and unique auction-style purchase of my home in the country. The series includes dealing with […]

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My Online Real Estate Auction Adventure

Can You Really Get A Winning Bid With A Real Estate Auction Online? The online auction process can be a daunting challenge. You first have to find an acceptable house that fits your requirements. If it is in danger of foreclosure, there will be no “For Sale” price yet. You will have to stay tuned in to the potential Real Estate Auction date set by bank or mortgage company after repossession takes place. Then, once the auction start and end date is set, you have to follow […]

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Auction House Found With Online Help!

What Can You Do To Find And Bid For A House On Auction! Can you bid on a house that is on auction, win the bid, and then have options to pay for your purchase without having boatloads of cash to complete the deal?  I was able to find a foreclosed property that was set up with an auction house which allowed for that very same strategy! And it was the type of deal I was looking for. Fitting very nicely into the requirements I set forth […]

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Secret FHA 203k Program for Home Buying

Can The FHA 203k Program For Buying Your Home Really Help You? Do you want to know about a program to help you buy and rehabilitate a home with one single all-inclusive loan. The FHA 203k Program is your answer! You can qualify more easily, get a low-interest rate, and use funds included with your original purchase loan for repairs to the home. It may be the perfect vehicle to buy your fixer-upper. Or, to even “tweak” your dream house with some add-ons to make it even […]

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BudgetHouse Renovator Series Introduction

A New Budgeted Lifestyle I am currently on a life-changing journey that I hope will prove informative and interesting to those who have the fortitude to follow me on this trek. Recently moving out into the country, I suddenly find myself dealing with issues indigenous to a “frugal lifestyle. Something that now dominates my life is the lack of extra spendable income. In the past, finagled all sorts of ways to create dollars and cover expenses. I was a General Contractor for most of my working years. […]

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