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Do you live in an area that is very popular? Here in Austin the rich areas people call the small homes "cottages". I would not blink an eye if someone here sold a "cottage" of 2-1 no garage for $250,000.00 because the market here is crazy. Yes I think many would buy it filled with mold as well.
The homepath program offers financing up to 125%. The intent is to have a credit line available to make the specified repairs. The program is based upon HUD minimum requirements, which means the extra money may not be enough to cover all desired repairs and also leaves you with a much larger mortgage payment. After all, you are paying interest for 30 years on the repairs as well. For most people it's a loser deal. (Unless you are in a very high rent area and the mortgage would be a substantial savings.)
I am pretty sure that all of the HomePath financing products have been retired as of a few months ago.
"First floor HVAC needs repair. Garage door is off track, do not attempt to open. Home being sold as is."
"Flex space at top of attic stairs IS NOT permitted."
Unpermitted space is a common disclosure.
Honestly, I was thinking more in the publicly available listings when I commented earlier.
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