Is getting a contractor before calling the consultant a good idea?
By Mike Young, FHA 203k Consultant 916-758-1809 cell direct
(203kOnLine.com, covering the USA)
Is getting a contractor before calling the consultant a good idea?I've done many more 203(k) loan projects than most consultants, with over 6,000 with my boots on the ground. I can tell you a short story below explaining why it is NEVER a good idea to have the contractor out there first.A lender once called me, letting me know they had a bid for $187,000 to repair a home. She provided that bid with the order, and I made the appointment to view the home. I was also instructed to put the bid into our software. It shouldn't take long to turn this one in. I arrived at the home to meet the wife, who was about eight months pregnant and very excited to complete the home repairs with a room addition for their older child so they would have room for the new baby in their room.I made my inspectio...
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