Why The Future Looks Bright For FHA 203K

The US Government is stepping up to help regular folks buy foreclosures or short-sale properties that need repair with a limited repair loan program. The Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD), administers various single family programs. Bank competition with foreclosures and short-sales has resulted in a great opportunity for real estate buyers who want a fixer- upper.

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