The cost of a fixer in the monthly payments are received?
If we have a house beat-up really cheap, a fixer-upper, which may be included in cost of fixing a mortgage approved before we vote for $ 150,000, but we found a house that is only $ 50,000, but missing major kitchen appliances including refrigerator and stove, you do not have washer / dryer and even toilet / shower, they could have significant needs for a home, be included in the Mortgage bought? What about costs for an addition to the home page? or minor corrections such as floors or things cosmetic? We do not save much money, but there are so many cheap HUD / REO properties available, which cost us less than what we pay rent. Most of them are in pretty bad condition, generally stripped by previous owners, with all the holes we überall.Können $ 150,000, which we have already approved and the house and fix and pay the monthly mortgage ? Or they just want to give you the loan for the exact purchase price of the apartment and nothing else? Thank you, Mr. Fix It, and if the house is worth much more than going is that the bank is interested in the amount of money that is the former owner of the HUD / REO property was left, then a lender would be willing to give at least what the house is actually worth? Say the house is sold by the bank for $ 50,000, but it is actually worth $ 80,000, a lender would allow us to take a mortgage $ 80,000 to $ 30,000, use it to repair?