ok, just for the heck of it...

valuation method.

1. CAP =750k
2. Income=649k
3. replacement=600k
4, Comp=400k

avg =599k, now depends on location, it can varies +-15%.

on 70LTV, your loan be about 419k

now, that report will list all the repairs require to bring to current code, along with an estimate, I am pretty sure the bank with withhold that portion in escrow, till all repairs are done.

so you have to think about its worth it or not. I know cost of repair be done for about 65% of the estimate, unless something needs professional certificates.

所有跟帖： 

• I guess I can start to update -sweetptt- ♂ (139 bytes) () 05/16/2012 postreply 22:26:25

• is current loan thru bank or seller finance? -jy101- ♂ (91 bytes) () 05/16/2012 postreply 22:33:54

• seller provided 84K, wrapping a bank note of 200K. -sweetptt- ♂ (0 bytes) () 05/16/2012 postreply 22:38:09

• lucky you.. -jy101- ♂ (80 bytes) () 05/16/2012 postreply 22:40:33