Why would my mortgage guy say to stay away from 203k loans and short sales?
Added (1). He didn't really give specifics and knows that I'm a DIYer. I already plan on buying a home and fixing it up which he knows. I don't know if he's giving me this advice to save me trouble or because it's more work for him and he doesn't feel like doing it.
Added (2). I could understand why he would say to stay away from a 203k loan if I wanted to do all the work myself but for the right price, I don't really care who does the work.
He knows I'm not in a rush to buy a home so it doesn't matter if a short sale takes a long time. He said something about the inspector not being able to see behind the walls and there might be more damage… But I feel that would be true for any home.
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