If you want to know about the Sewer Lateral program, just click on the link below, at the end of this post.
There is a $4,500 up front deposit for the owner of the home. If you are a realtor and sell a home that doesn't have the sewer lateral certificate, the buyers may be stuck with that fee. If you are the seller, you can, put in your sales brochure that this must be taken care of by the buyer(s).
In any case if you choose to fix it or the new buyer(s) want to fix it you can use the FHA 203k to accomplish this. If that happens get hold of me as we have been granted, not guaranteed, a waiver provided your consultant includes wording in his or her write up. If you sell without disclosing this to the new buyers YOU may be liable for the fee. Just a heads up.
Mike Young, 203k Team Leader
We have fourteen associate offices just in CA covering both CA states, NorCAL and SoCAL where we can cover the entire state.
To learn more about the FHA 203k loan program go to www.203kOnLine.com. To contact us for a consultation please go to www.my203kconsultant.com and "order a consultation". If you like what you see here please take a look at Another blog by Mike Young in Spanish and other languages.