You got me...

Home Inspector with, covering the USA S0289

Received a message on my phone about a 203k loan draw inspection needed on Christmas Day in Modesto... no address, no name, just "this is the contractor on the job in Modesto, need an inspection at 3 pm today, I know it is Christmas Day but I really need the cash flow."

I was mystified and was laughing while thinking what a dufus the contractor must be to request it that way. I'm in Charlotte NC he is in Modesto CA...

About an hour later my son-in-law shares that he placed that order for the draw inspection. HA HA. 

I have another client last week that insisted I come out for a draw inspection in Madera on Friday the 29th of December... then called on Wednesday to tell me the part didn't arrive or was the wrong part and they needed to get a firm inspection scheduled if I could share my schedule.

Lets see, the new part will be here in 5 days... we have a holiday in the mix so

I asked "when will your part be there?" He couldn't say.

I asked what day will it be installed? He couldn't say.

I asked if it will be the correct part this time? He only said "I hope so"

Then I suggested that he actually get the part installed then call for the draw inspection... he didn't like and asked several more times before he understood the process.

1) get the work completed

2) Call for an inspection

3) Then we process the draw for what was completed


This week I did a final, the downspout on one side of the home directed all the water directly down at the base of the corner of the foundation... NOT GOOD. I was told it would be repaired today. That is nice but it isn't repaired now. 

Draw inspections are designed to pay the contractor for items that are completed or a % of completion at the time of the inspection. Not an hour later, not a minute later. Over the years, I've gone to lunch and come back to see something completed, I've gone to several other draws in the area and come back but we must see the completed work in order to authorize pay for the repairs.

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.comIf you are looking for quality 203k software for consultants to speed up the underwriting process..

Skype name: the203kconsultant

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James (Jim) Lawson, DBA LLC - Bonita Springs, FL
Broker Associate, RSPS, BPOR, HI & PE

I've had a lot of experience dealing with contractors Mike and have heard a lot of stories, promises and outright lies. Nothing like eyes in the field when it comes to progress and completion inspections. 

Dec 31, 2016 10:49 AM #1
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Mike, sometimes I wonder what some people are smoking 

Wishing you a Very

Dec 31, 2016 11:04 AM #2
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

The 203k loan is an under-utilized tool. Many buyers could create equity by using the FHA/203k loan to buy and renovate homes that need some work.


Aug 11, 2017 09:06 PM #3
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Mike Young

FHA 203k Consultant 916-758-1809
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