Foreclosure need work? Try FHA 203(k) Loan

In a recent Washington Post article, Repairs Within Reach, Mara Lee highlights how using an FHA 203(k) loan allowed a couple to finance the purchase and repairs of a badly damaged  foreclosed townhome.

construction plumbing work

The article goes on to tell of how they ran into extensive delays, problems with the appraisal, etc.  On Kauai we don’t have as many REO listings with extensive damage.  But some, such as this Kalaheo REO listing have incomplete work..aka, remodel in process at time of foreclosure.

For more articles on foreclosures and short sales –


About Susanna "Susie" Kunkel, RA

With a belief that life is too short to not follow your dreams, Susie and her daughter became new Kauai residents in less than 4 months after visiting for the first time in 2000. She brings a wealth of information from her background in administrative, contract and paralegal work in a variety of industries including technology, investment banking, biotech and estate planning. As a Realtor, Susies's tenacious and technical approach have earned her a large group of extremely loyal clients. Susanna is a steadfast believer in "The Golden Rule", and applies it to her approach as a Realtor. "Each client and each property are unique, so it's important to me to listen intently to what my clients' goals are, and to make sure I go above and beyond to help meet them."
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