Turn Key Renovation Loans.

A No Hastle Way of Buying a Foreclosed Home That Require Repairs.  

As a Buyer, you pick any home you'd like and the home will be renovated and upgraded before you move in. (See Standard Home qualifications)

Repairs from $5,000 to $100,000 -

Before - Basement ( Molding,Damp etc...)	After - Basement

Imagine finding a nice foreclosed home with your agent  but the house needs lots of work and you would like upgrades. The home is in a great neighborhood, great schools or close to your work.

The economy has left nearly 50% of all homes that are in the market is disrepair. When the previous owner left, they took out Bathrooms, Copper pipes, AC Units, even entire Kitchen Cabinets. They might have punched holes in the wall or left the water running so now it has mold or water damage.

Unless you can buy the home with cash , there are very few financing available to allow you buy that home.

Until now...

Before - Sandy Springs	After - Sandy Springs

There is a Better Solution.

As long as the appraised value of the home is more than the repairs on the home ( minus costs ) You can purchase that home with all the repairs completed PLUS if you got a great deal - request upgrades, such as Granite countertops, Jacuzzi Tubs, adding decks, Appliances, Landscaping etc....

You can modify that home as much as your budget will allow.

Make it new again:

Here's How It Works

#1	It is required to contact us to get your FHA Certified Approval letter - (View  Qualifications)
#2	Then ask your Real Estate Agent to locate a great deal on a home that needs work. The home must be worth much more than the purchase price. (example)
#3	The Investors contractor will assess the repairs needed along with your requested upgrades to be sure that it fits within the budget.
#4	The new purchase price will be then upon by both parties to include the repairs . All improvements and upgrades will be attached as an addendum to your contract as they must be completed before you move in in your home.
#5	Buyer will them put down 3.5% of the purchase price (Primary residence and 20% Investment property)  in funds in an Attorney escrow fund as earnest money and used also as credit for your down payment as required by FHA or Conventional financing.
#6	There is a 15 Day appraisal contingency will be completed subject to the repairs and upgrades. The value must FHA/Conv appraise for the purchase price or higher in-order to begin the repairs.
#7	Work on the home begins.
#8	Before the closing in 90 days , the buyers does a walk through to make sure all the work has been completed as agreed.
#9	Buyer closes on the FHA / Conv. permanent financing with Network Funding, LP after 90 days of initial Purchase and Sales Contact is signed.

  

Example: Primary Residence Purchase Transaction.
Minimum Standard Housing Requirements.

Real Estate Agents:

This program assures the buyers that they will represent by a licensed real estate agent thought the transaction. As a reward, there is an incentive for agents to make extra income and providing a great service to the buyers.   Real Estate Agents Learn More 

Questions that Buyers and Agents May Have.