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REO&HECM order

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Monkeyfan

Thread Starter
Freshman Member
Joined
Oct 1, 2007
Professional Status
General Public
State
Washington
Hello,
I just received an order for a foreclosure that was a HECM loan. I can not find any information, if I have to do any type of additional work or if I have to note what repairs are needed to meet FHA requirements. Thanks.
 

Riick

Elite Member
Joined
Aug 14, 2007
Professional Status
Certified Residential Appraiser
State
Delaware
HO may have died, or to nursing home, and now Bank gets the property & re-sells.
Just do it as a regular REO, 'cause that's what it is.
??? or am I mis-reading this ???
 
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