screwed: Watch out on FHA 203K Streamline loans - The contractor can get screwed! - 06/18/11 04:52 AM
I've probably sold my last home on an FHA 203K Streamline loan.  They seemed pretty cool, and last year I sold 3 homes with them.
But yesterday's call changed all that. "Sally, I haven't been paid on the second half yet", said the contractor. "9,350 bucks worth".
We had been told the last draw, which is half of the contractor's bid, would take about 4 months from the completion, so had not worried.  The bill had been submitted to the client, and they had their final inspection with B of A. It had only been 9 weeks.
I called B of … (24 comments)

 
Sally Dunbar, Fair Oaks Realtor - Fair Oaks Homes for Sale (Lyon Real Estate, Fair Oaks CA (Sacramento Area))

Sally Dunbar

Fair Oaks Realtor - Fair Oaks Homes for Sale

Fair Oaks, CA

More about me…

Lyon Real Estate, Fair Oaks CA (Sacramento Area)

Address: 8814 Madison Avenue, Fair Oaks, CA, 95628

Office: (916) 535-0356

Mobile: (916) 524-1548

Fair Oaks homes for sale by Realtor Sally Dunbar, who's been hoofin' it through the homes of Fair Oaks and the surrounding areas, matching up eager buyers with ready-to-move sellers, since 1979.

While I sell homes in Fair Oaks, I venture in Sacramento, Carmichael, Citrus Heights, Orangevale, Rancho Cordova, Gold River, Folsom, El Dorado Hills, Roseville, Rocklin and Granite Bay...(and Chevron loves me!)

How have I survived for so long?... By always doing what's right for my people.... Always!

Now check out my video about why I love Fair Oaks...



Short Sale, REO, foresclosures??? ... find out the difference below...



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