www.california203kconsultant.com This valuable program from its inception has done much to proliferate the 203K by affording a less restrictive process enabling lenders to fast-track the loan itself. Additionally, it's helping borrowers, requiring minimal repairs or renovations, to purchase homes from the current housing stock. Many of these are first-time buyers. While the success stories of this program are many, at the same time it is fraught with peril as contractors are receiving up to $15,000 as an initial upfront payment with no accountability whatsoever. Furthermore, there is no oversight of the actual construction itself and relies on a cursory inspection by an Appraiser, who may or may not have construction experience, at completion to validate that all work has been completed...
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