FHA REhab loan–does seller have to pay the costs of rehab?
HA rehab loan–does seller have to pay the costs of rehab?
I just got an offer which the person is approved for an FHA rehabilitation mortgage. I believe its for someone who needs it for wheelchair access. Do I get sucked up with the cost for the ramps, railings, etc for the person to get my house. Right now I am not desperate to sell my house via fha rehab. My house is in great condition.
I have bad credit and bought a rundown property and fixed it up over time. I used my own money in financing the purchase of the property and have no mortgage. Is it possible for me to get an home equity loan for this property? its market value is around $ 120,000 and its assessed value is $ 50,000. Thanks for any input.