Re: FHA Loan to purchase a Foreclosed home. Need advice!!!!
[ Edited ]
04-30-2012 04:10 AM - edited 04-30-2012 04:11 AM
It's fine as long as the house is in decent shape. FHA inspections get blown way way out of proportion. As long as the house is in decent shape your fine. I bought a forclosure that was built in 1979 with an FHA. All I had to do was install some GFI outlets. If you manage to find one that is owned by HUD many of those have a $100 down payment special, I took advantage of that.