The 203(k) Contractor
Q/A: Best Time to Hire a 203(k) Contractor
Hi all! I have a question for contractors… As a soon to be 203K buyer, I’m wondering about the process of making an offer without yet knowing the cost of repairs or if they’ll be in my budget. Do you give estimates at this stage? Do you charge for estimates? Is it typical to be…
Read MoreAnswering The Same Questions About Lead Based Paint – LBP
I can’t believe that 10 years after it went into effect many underwriters still don’t get it. The following excerpt is copied from a 203(k) consultant’s work write up describing work that must be required of the borrower or homeowner during a renovation: “RRP: Provide all required containment/cleanup/disposal by a licensed Paint Stabilization professional for…
Read MoreHUD Consultants & Risk Management
The Exit Draw – A Case Study: Exit Draws After a Fire In addition to the contractors termination, are risky by themselves however there’s always additional levels of risk that face consultants that must be considered. This condition can also apply to a contractor termination for any other reason. It’s notable that contractors of record…
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