Ready4Remodel Tutorial – Creating Your Profile On The Website (Video)

12 12 2012

Welcome to Ready4Remodel, where we help buyers “Buy Fixer Homes with Fixer Loans” specializing in the FHA 203(k), HomePath & HomeStyle renovation loan programs. This is the tutorial video for the Ready4Remodel Real Estate Agent, Lender, Contractor or Home Goods and Services member who wants to build their business while revitalizing the communities they serve.



Skip Schenker Of iMortgage Offers “FHA 203k Renovation Financing” EFlyers To Realtors And Homebuyers Wanting To See Possibilities Of Home Renovation

5 04 2011


Boardwalk Properties In Long Beach, CA Markets REO Listing In Los Angeles Using “Electronic Property Listing Flyer” Featuring FHA 203k Renovation Financing From Skip Schenker Of iMortgage

28 03 2011

“What are you doing to attract owner-occupant buyers?  Your client wants to know…”

 Check this out…

  • Pre-Inspection for FHA repairs and bid available to qualified buyers by a licensed contractor.
  • Digitally Enhanced “After” photo to help the buyer visualize what the home “COULD” look like fixed up.
  • Professional Electronic flyer with embedded links to your website, Google map of property location, email you with the click of a button.
  • Thumbnail version available to be linked to your website, posted on the MLS or emailed to your farm.
  • Flyer will be posted on the national website
  • Will also be posted on active rain and numerous other blog sites.
  • Partnered with a skilled Renovation Loan officer who guarantees closing in 45 days or less.

 ALL THIS FOR THE LOW PRICE OF… $ FREE    (For the first 25 who respond by replying to this email)   Regular price is $107.00.  Call and ask about our volume discounts of 10 or more properties at a month. This is the cheapest and easiest way to show your clients what you are doing to attract “owner-occupant” buyers.  Get more accounts by using this unique “owner-occupied” marketing tool. 

800 385-3503

California “Short Sales” Continue To Be A “Difficult” Homebuyer Process As Only 60% Close While Typical Response Time Exceeds 60 Days And Can Be Up To 6 Months

10 03 2011


  • Fewer than three of five short sales close in California according to the California Assoc. Of Realtors (C.A.R.)
  • 94% of the Realtors in the survey participated in a short sale transaction during 2010
  • They cited lenders and servicers unresponsiveness, onerous procedures, and long processing delays
  • 70% of Realtors said closing their most recent short sale transaction was “difficult” or “extremely difficult,”
  • Reasons for this included:
  1. Lack of standardization
  2. Long approval process
  3. Lack of lender approvals
  • The process should be 45-days
  • Typical response time for lenders is at least 60 days
  • Many times their response time exceeds 6 months
  • 63% of Realtors said that lenders took more than 60 days to return a written response of the approval or disapproval
  • Only 4% said they received a written response in less than 14 days

FHA 203k Renovation Financing Has Been Little Utilized In Today’s Housing Market Due To Realtors Being Unaware Of Its Advantages To Close Homes “As-Is”

22 02 2011

  • The Federal Housing Administration’s 203(k) loan program has been around for decades
  • It is seldom used because of lack of realtor awareness
  • The realities of the housing market are changing this
  • Foreclosed properties that weigh on the market are in bad shape through neglect by the previous owner or months of vacancy
  • Prospective buyers find them unattractive because they lack the time, expertise or money to repair them
  • The 203(k) program, backed by FHA, allows buyers to finance the costs of the needed repairs into the new loan
  • The lender pays the contractor when as work is completed
  • FHA 203(k) loans require a minimum 3.5 percent down payment and mortgage insurance
  • There has been steady demand “streamlined” 203(k) loans
  • Borrowers can get up to $35,000 for non-structural home improvements such as new HVAC systems, roofing, plumbing, electrical, flooring, painting and appliances Interview: Skip Schenker Of The Renovation Lending Institute Talks With Chico, CA Realtor Sandi Bauman About FHA 203k Renovation Transactions

7 02 2011


Chico Realtor Sandi Bauman

Skip Schenker of the Renovation Lending Institute talks with Sandi Bauman about a recently completed FHA 203k renovation loan transaction where Skip was the loan officer. She had previously “run away” from offers with FHA 203k financing and is now very positive towards these transactions if the loan officer is Renovation Lending certified.




Front of home in Oroville, CA that had FHA 203k renovation purchase financing.

There kitchen with all cabinetry, fixtures and appliances had been torn out. The FHA 203k renovation loan allowed the homebuyers to close "as-is" and install their choice of kitchen amenities.

Renovation Lending Institute’s Skip Schenker Reports On A Meeting With REO Asset Managers At “National Association of Hispanic Real Estate Professionals” (NAHREP) In Irvine, CA (Video)

28 01 2011