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Can you recommend a contractor for my 203k project?

By
Home Inspector with 203kOnLine.com, covering the USA S0289

Can you recommend a contractor for my 203k project?

Lender's answer "nope" or "no can do" but as a 203k consultant we can recommend contractors and what is more important in my mind is that we also can put contractors who are inadequate for the program on a "do not use list" that lenders tend to honor.

Most contractors who are licensed in states where licensing is required are okay to do the FHA 203k but many of them are not financially adequate.

I had a call earlier today with someone asking for some referrals in the Santa Cruz area of CA. I don't really like calls for just that, referrals as we like to know something about the project. There are contractors we can recommend that do lots of foundation repairs like Diversified Specialists, Inc. - Kent Fridolfsson. Kent has bid on a couple of foundation repairs and look at a few more. 

I remember one in Orinda that Kent looked at for us had a wall about fifteen feet high that wasn't engineered but the seller was a contractor and said it was adequate... some testing revealed it wasn't adequate They were starting construction on the hilside above this property, could you imagine what might have happened if we had merely assumed the wall was adequate and built the addition on top of it, then with the contraction at the top of the hill and the additional weight on that hill may have collapsed the subject property. Holy Cow!

Another one Kent did for us in Walnut Creek. The foundation had been settling for years and the owners merely kept shimming it up as the foundation fell away from the sill plate, just add another shim. There is pretty much nothing we can't repair or replace on a home but you need the expertise of an engineer and this is an "engineering contractor" who has the ability to asses the issues and the expertise to fix them.

Is there a contractor list for 203k approved contractors, yes there is... 203kcontractors.com

Posted by

Mike Young, 203k Team Leader    Mike ready for your 203k order

To learn more about the FHA 203k loan program go to www.203kOnLine.comWhat is your fee? 

Got a 203k project giving you "fits" contact www.203k911.com. If you are looking for quality 203k software for consultants to speed up the underwriting process..

877-207-6565  state your name when asked please, it is dialing me at the same time.

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Comments(2)

Joel Weihe
Realty World Alliance - Wichita, KS
Helping you to use your VA home loan benefits

I wish we had a do not use list here. Contractors are the worst for showing up for bids and getting it done on time. 

Jun 15, 2013 01:16 PM
Mike Young
203kOnLine.com, covering the USA - Stallings, NC
FHA 203k Consultant 916-758-1809

Joel,

Pleople don't realize that when we take 4 days to complete a bid on a project that is very fast. We just got bids back from three contracctors on a project and it took them all three weeks to confirm what I said in 4 days. More contractor's should know about our services, they could use us and get more jobs bid... oops, sorry if it sounds like an advertisement. Didn't mean to do that. Thanks for stopping by. M

Jun 15, 2013 03:02 PM