Home|Product Search|Checkout
Award winning 203k and HomeStyle®Renovation
software for consultants since 1995
           You have chosen the best software for your 203k consulting needs  




Draw requests - Seems simple enough on the surface

There are four columns to a draw request. Column 1 is what each category or section has alloted to the completion of those items. Column 2 is everything that has already been paid out in the previous draw inspections. Column 3 is the current request, and column 4 is for the consultant to adjust the draw amounts if he or she doesn't agree with those items in column 3. Typically this would be a downward adjustment.

Contractor creates or fills in a request form, column 3. Then we are called out to do an inspection to see those items were completed in a professional workmanlike manner. 

Today was an interesting draw experience. The contractor failed to sign the draw request. I would normally ask them to sign prior to inspecting but this was the forth draw and we just started inspection. We went through all the items and when it came time to sign the contractor refused. I reminded him that this is to get him some cash flow, but he felt it more important to use this as a negotiating tool against the home owner some how. I told them to work it out and let me know when he wants to proceed. 

He called me about a half hour later asking me to return to the site for hsi signature or he could meet me. I scanned and emailed the paperwork to him for his signature. Not all turkey's are running loose on the plans.

Mike Young, 203k Team Leader    Mike ready for your 203k order

We have fourteen offices 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.

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

following Mike Young on Twitter Facebook You Tube 203konline.com MY 203k Team bug

Leave a Comment:
Copyright © 2000 - 2018 SAM Consulting, Inc
203konline.com