Sometimes you really like the house but it just needs a little TLC. It might be right where you want to live but the house just isn’t up to snuff.
Maybe the house needs a new roof, or some foundation work, or just new paint and carpet.
Over the years I have done several of these transactions. They entail more work and more time but sometimes it’s really the only way to go.
This little yellow ranch style home is ideal for this loan. It needs some work on the logs above the foundation but I don’t know where you can find a house like this for $115,000. Especially in the great location it has.
By The Way…the house in the top photo is NOT a candidate for this loan. It has a date with a bulldozer.