Who orders the draw request for an FHA 203k project?
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Who orders the draw request for an FHA 203k project?Who's draw request, a request for money, is it? It is the contractor's draw request. The contractor would typically know more than anyone when they are in need of some cash flow to keep the project going strong.So, I get a call from the contractor, "When can you be out for a draw inspection?" he says. I can be there in twenty minutes was my reply. NO, that is too soon. How about this coming Friday. I agreed and copied the borrower's. It is always nice when we are all there together. This way we can all see what the contractor is requesting and can comment on it or about it.1st step is the contractor should have column 3 filled out with the requested items prior to the inspector's arrival... good luck with that. There are a few contract...