Considering a Foreclosure in Clarksville TN?
Are you looking at some of the foreclosed properties in the Clarksville Tennessee area and wondering if they are worth the risk or whether you have enough in your savings account to make the neccessary repairs that will be required prior to closing?
First thing's first - ALWAYS get a home inspector from an independent and licensed inspector.
A program that may be of interest to you is the Streamlined 203K Limited Repair Program
FHA's Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this new product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser.
The Streamlined (k) program is intended to facilitate uncomplicated rehabilitation and/or improvements to a home for which plans, consultants, engineers and/or architects are not required. The Streamlined (k) program includes the discretionary improvements and/or repairs shown below:
Repair/Replacement of roofs, gutters and downspouts
Repair/Replacement/upgrade of existing HVAC systems
Repair/Replacement/upgrade of plumbing and electrical systems
Repair/Replacement of flooring
Minor remodeling, such as kitchens, which does not involve structural repairs
Painting, both exterior and interior
Weatherization, including storm windows and doors, insulation, weather stripping, etc.
Purchase and installation of appliances, including free-standing ranges, refrigerators, washers/dryers, dishwashers and microwave ovens
Accessibility improvements for persons with disabilities
Lead-based paint stabilization or abatement of lead-based paint hazards
Repair/replace/add exterior decks, patios, porches
Basement finishing and remodeling, which does not involve structural repairs
Basement waterproofing
Window and door replacements and exterior wall re-siding
Septic system and/or well repair or replacement
There are many properties in the Clarksville area that have the potential of being the home of your dreams!
Regards,
Tim and Pam Cash
Crye-Leike Realtors
www.cashsofclarksville.com
thecashteam@cashsofclarksville.com
931-338-1375 or 931-436-7617
The Cash Team - making dreams come true one home at a time.