Karen Hurst
RICOASTALLIVING.COM - Warwick, RI
Rhode Island Waterfront!

Hi Mike, although you have not recieved comments, I would like to think that all Realtors and buyers are reading this very well written information.  It's important (imo) to know the basics of most loans when representing clients. Otherwise how can we advise them? Thanks for the post!

Jul 15, 2013 01:01 AM
Mike Young
203kOnLine.com, covering the USA - Las Vegas, NV
FHA 203k Consultant 916-758-1809

Karen, thanks for stopping by. We get plenty of comments, not to worry, it is nice to know someone is readying but luckily we have Stats to look at and we get an average of 40,000 reads per month. I do appreciate the comments that are left as it gives me a chance to interact and that is always fun. This post was viewed about 350 times the first day and there were quite a few that visited my website during the process. That is all good. We have many posts with several thousand reads and only a handful of comments yet over a thousand went to  our website. 

Have you experienced a 203k project yet?

I received a call from NY this morning and was able to help a contractor with an issue getting a draw inspection He saw this article and was able to get his question answered and his draw back on track. I really enjoy helping people.

Jul 15, 2013 11:55 AM
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

One of the keys to a successful 203k renovation project is finding a licensed and reliable contractor who is OK with the draw schedule and the process of getting paid. A Realtor specializing in helping buyers in 203k scenarios should have a list of reliable contractors that are known to be willing and financially able to work with the draw schedule rules. Of course, the buyer is welcome to bring on board any contractor of their choice.

Jun 14, 2017 08:28 AM
Mike Young
203kOnLine.com, covering the USA - Las Vegas, NV
FHA 203k Consultant 916-758-1809

Thanks for your insight Dave. Teamwork is essential. 

Jun 15, 2017 10:32 AM