www.singerreo.com Singer Construction is a certified 203k Contractor. This Tustin, CA home has severe structural damage and is priced well below market. This house is bank owned and is in a million dollar neighborhood. It is scaring away allot of people and has fallen out of escrow 4 times because the hillside in the backyard has a retaining wall that was not built to code and is now in danger of sliding down. Cost to repair the retaining wall is about $120K. Asking price on this house is $489K and the appraisal came in at around $630K. There is a huge potential for a savvy home buyer using a 203k renovation mortgage. This house has built in equity.
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