when do we get paid for a change order?Change orders are paid once the work has been completed 100%. You must first approve the work to be completed by change order and some lenders want you, as a consultant, to make that call, others want to do it for you.Then chastise you for not getting the paperwork signed prior to submitting for that approval. You can't. You should authorize the contractor to make the change then once the work has been completed 100% you submit the signed paperwork. There is no "up front" money for change orders.
Mike Young, 203k Team Leader
We have fourteen offices in CA covering both CA states, NorCAL and SoCAL where we can cover the entire state. It really doesn't matter as we have associate offices in most every state in the USA. Find a consulant anywhere in the country.
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.
Skype name: the203kconsultant
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