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Updated about 7 years ago, 10/26/2017
Hud escrow holdback
My mortgagee is telling me that they can’t release funds to the contractor until work is completed. How’s that sound to everyone else?
Johnnie,
How big is the job? if it's small it sounds about right. If it's large, then there should be a provision for construction draw funding in your note/contract somewhere.
Good luck,
Jim
It’s about 9k, for the holdback. Is that small?
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