“Peeling Paint and an FHA Loan Can be a Problem”
God bless you Joe .... You're a wonderful soul and you have spent so much time on this loan. I sincerely appreciate it. I am so glad our bank referred you.
So, once we get the quote for the painting what happens next? Can we still close this month? That'd be wonderful. Please keep in touch. Bless your heart.
The client needs to get a bid for scrapping and painting but doing this work in the winter months doesn’t work. The lender will need to escrow the funds and the work will get completed when the temperature gets warmer. Fortunately the work will be under $5,000 which most lenders will allow. Bids for work such as this need to be done by licensed contractors and the work cannot be done by the homeowner
Image courtesy of Vectorolie/freedigitalphotos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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