Hillsboro Office: 971-371-3500 • Forest Grove Office: 503-357-6144
 Welcome to the DownTownSumma.com Blog

2010-10-10 14:32:29
Purchase non-financeable?

Often times I come across buyers that fall in love with a specific home that because of the condition of the home, the home can't be financed.  I have solutions for those home-buyers.  I have investors that would be willing to provide hard-money lending, a bridge loan or stand-in investor contractors that are willing to purchase a home in cash, make whatever repairs are required to make the home financeable and then 'sell' the home to you, the intended buyer for a pre-determined price with the expectation that you will then be able to obtain your financing to pay off the investor. 

There are also rehab loans available to home buyers such as the FHA 203k rehab loan that allow buyers to purchase a property for its existing value but obtain financing for the projected value of the home in a repaired and/or upgraded condition.  Once the transaction is closed and the seller is paid, the buyer is under contract to complete the repairs using specified contractors.


Blog Archive
2015-05-20 14:41:38
21st Annual Melodies in the Garden !!

2015-05-13 11:34:21
Spring Cleaning Tips & Tricks!

2015-05-06 12:59:12
First Wednesday & Forest Grove Farmers Market!

2015-04-28 13:28:16
Summa welcomes local artist Polly Shaw !

2015-04-23 17:56:23
Forest Grove High School Plant Sale!!

2015-04-16 15:41:21
Join in on the Fun at the Latino Cultural Festival

2015-04-10 10:40:57
The reasons your home may still be on the market

2015-04-03 12:13:39
Come see the works of Artist Joyce Wettengel!

2015-03-31 14:01:55
Where to take your kiddos to go Easter egg hunting

2014-09-10 13:24:57
Agent of the Month - Diane Jette

2014-08-28 19:02:22
First Tuesday at Summa supports local Art Students

2014-07-01 18:17:04
Forest Grove lights up the nights all week!

2014-06-27 12:16:29
Davey Cadaver keeping things lively!

2013-04-11 16:31:11
5 Emotional mistakes Sellers make

2011-06-20 15:31:38
Rentals Get Competetive

2011-06-09 17:05:48
Art, Art and More Art

2011-06-03 12:02:44
Americans: Home Ownership Still a Great Investment

2011-06-01 12:31:14
First Time Home Buyers Can Dream Bigger

2011-05-25 15:11:57
8 Things that Bring Down the Value of Your Home

2011-05-03 15:28:28
May Home-Maintenance Checklist

2011-04-28 18:27:40
10 Kid-Safe Home Tips to Help Parents Worry Less

2011-04-27 13:03:04
Who's Who for First Time Buyers

2011-04-26 13:37:12
Sell the house as is or fix it?

2011-04-08 00:51:02
Improve Your Curb Appeal

2011-04-07 09:26:54
Home Inspection: Should You or Shouldn't You?

Click here to see ALL articles.

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.