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07-08-2009, 03:13 PM
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Is it possible to get a mortgage to buy a home...
...and repair the home at the same time? Say you buy a foreclosed home in bad condition listed at say $20,000. Can you get a mortgage for say $45,000 dollars to cover mold removal, rewiring, just general improvements? I've tried to find information on-line and someone suggested an FHA streamlined loan but after reading more about the streamlined loan it doesn't seem like that's what a streamlined loan is really for.
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