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Acquisitions & Exit Strategies SubGroup 06/10/2013 OPEN TO PUBLIC!
Gloucester County SubGroup 06/12/2013 OPEN TO PUBLIC!
Ocean County SubGroup 06/12/2013 OPEN TO PUBLIC!
Burlington County Subgroup 06/13/2013 OPEN TO PUBLIC!
Board Meeting 06/17/2013
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SJREIA Main Meeting 06/18/2013 OPEN TO PUBLIC!
Rehabbing Subgroup 06/25/2013 OPEN TO PUBLIC!
Mercer County Subgroup 06/27/2013 OPEN TO PUBLIC!
Atlantic County SubGroup 07/02/2013 OPEN TO PUBLIC!
Acquisitions & Exit Strategies SubGroup 07/08/2013 OPEN TO PUBLIC!
Gloucester County SubGroup 07/10/2013 OPEN TO PUBLIC!
Burlington County Subgroup 07/11/2013 OPEN TO PUBLIC!
Board Meeting 07/15/2013
Social Media Subgroup 07/15/2013 OPEN TO PUBLIC!
Main Meeting 07/16/2013 OPEN TO PUBLIC!
Rehabbing Subgroup 07/23/2013 OPEN TO PUBLIC!
Mercer County Subgroup 07/25/2013 OPEN TO PUBLIC!
Atlantic County SubGroup 08/06/2013 OPEN TO PUBLIC!
Atlantic County SubGroup 10/01/2013 OPEN TO PUBLIC!
Atlantic County SubGroup 11/05/2013 OPEN TO PUBLIC!

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Event ID: 168848

Event Status: On Schedule

Gloucester & Burlington County SubGroups

Alliance between Gloucester & Burlington County Subgroups in September!

September 12 @ 6pm - Brooklawn, NJ

Do you know what FHA 203K Loans are all about? – The Truth about FHA 203k Loans

Your speakers on the panel discussion tonight:

Paul Janaitis - HUD Approved 203k Consultant at Stonewall Contracting

Neil Rogove – Housing Solutions – Licensed Contractor

Joseph V. Scorese – Mortgage Banker – Vision Mortgage Capital – Division of Continental Bank

The FHA 203k loan program is the Department's primary program for the rehabilitation and repair of owner occupied residential properties, basically a home improvement loan. As such, it is an important tool for community and neighborhood revitalization and for expanding home ownership opportunities. Since these are the primary goals of HUD, the Department believes that FHA 203k loan is an important program and they intend to continue to strongly support the program and the lenders that participate in it.

We will discuss the following:

10 Steps to the FHA 203k Loan Process

1. You educate the client on the ability to use FHA 203k loan program and refer them to an experienced FHA 203k lender

2. Borrower gets preapproved – if they are preapproved for $250,000 this must include the purchase price + costs they are rolling in

3. Shop for houses

4. Negotiate the contract – offering as-is value and selecting FHA financing

5. Inspections/gathering bids

6. Finalize bids

7. Appraisal

8. Final underwriting sign off

9. Closing (depending on the bank this will be 30-60 days after going under contract)

10. Work begins and must be completed in 6 months (with an FHA 203k Streamline) to 12 months (Full FHA 203k loan).

We are working on bringing in speakers on a variety of topics as well as towns, projects and development in Gloucester County. Gloucester County has more open space and some areas are priced lower than some of the other counties.

Entrance fees: $5 for Members, $15 for non-members

Metro Diner • RT. 130 & Browning Lane • Brooklawn, NJ 08030 • 856-456-3690
www.metrodinernj.com
(This is the old Ponzio's Diner for those of you that are familiar)
This is a great restaurant that''s been newly renovated. We have a private room and for everyone who comes, they can order on their own. Everyone loved this place at our June meeting which was our first meeting here, so come out and Enjoy!

This subgroup meets the 2nd Wednesday of the month. Guests and Members always welcome!

2012: Sep 12, Oct 10, Nov 14, Dec (no meeting)

Date and Time

Start Date:	09/12/2012	Start Time:	6:00 PM
End Date:	09/12/2012	Approx. End Time:	9:00 PM
Registration Deadline:	09/12/2012	Meet Time:	6:00 PM

Event Leader

Lou Pinto
Contact Leader

Event Cost
This event requires payment at the event.

Pricing Option Name	Price	Deadline
Non-Members	$15.00	09/12/2012
Member	$5.00	09/12/2012

Location	(More Detail)
Event Location:	Metro Diner
Address:	RT. 130 & Browning Lane , Brooklawn , NJ 08030

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The information and news presented in South Jersey REIA publications and at group meetings should not be construed as
legal advice, which should be obtained through a qualified real estate attorney only. South Jersey REIA does not exist to
render and does not give legal, tax, economic, investment or financial advice and disclaims all liability for the
actions or inaction taken or not as a result of communications from or to its members, officers, directors and
employees. Each individual should consult his/her own counsel, accountant and other advisors as to legal,
tax, economic, investment, financial and related matters concerning real estate and other investments.

The opinions expressed by the members are not those of South Jersey REIA.
South Jersey REIA does not endorse any person or organization. Its programs are designed to be educational, motivational and enjoyable. Remember, speakers primarily discuss
techniques and methods that work for them but may not be appropriate for you. Whenever actions involving
purchases, sales, or tenant relations are being considered, rely upon the advice of your real estate professionals.

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