Just read an interesting article about 203K FHA loans and investors. Investors at present are not allowed to get these rehabilitation loans to improve properties and make them more valuable. But should they be allowed to? Because in the past there were abuses, now no investor can get such a loan; but there are so many technological advances which would make it easier to monitor the system, maybe this is the answer to the glut of foreclosures sitting unsaleable on the market.
Question 2: Is selling these foreclosures in mass as rentals good. Sounds good to me, but this article gives some thoughts there were new to me. Like who wants to live in these type homes without modifications? If Investors can't get the $$ for the remodel from an FHA 203K loan, will they just buy them and rent them as slumlords.
Read the article and come back and leave your opinion. http://rismedia.com/2012-02-13/opinion-fha-should-reinstate-203k-loans-for-investors/
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