Real estate blog entries tagged with fha 203k draw request by Christopher Colvin (Gravity Architects & Consulting)

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Home : Blogs : Christopher Colvin : FHA 203(K) Consultant : Tag "fha 203k draw request"

fha 203k draw request: A Draw Request? Why do I need a Consultant to give me MY money? - 02/05/09 09:23 AM

This is a great question, and I try to carefully explain this at each inspection...
Once the 203(K) loan has closed and renovation funds are placed into escrow, the Contractor quickly begins ordering materials, pouring concrete, removing walls, framing, etc, per the approved Specification of Repairs. The 203(k) program is unique that it requires that the Contractor to provide ALL funds to begin the project, and they aren’t paid until the Consultant is called for a Draw Request or Change Order verification.
NEED MONEY? IT'S TIME TO CALL THE CONSULTANT:
Inspections by the local permitting authority, the City or County, still … (3 comments)

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Christopher Colvin

Marietta, GA

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Gravity Architects & Consulting

Address: 400 Lawrence Street, Marietta, GA, 30060

Office Phone: (404) 680-5773

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