203k Loan that's past schedule

[Jacob Beemer]

Hey everyone. So a year ago I bought a house using a 203k loan. It has not gone smoothly because of the house needing a lot more done to it than I initially thought. I am 6 months past the first scheduled completion date. That's due to the foundation needing to be fixed/replaced. I also am short on money which is hard to pay anyone to get it complete ( the borrowed money from the loan is gone). And unfortunately I have and so has the contractor have been dealing with personal matters the second half of the year which is why things have slowed down. I am worried that the lender is going to take the house away even though we are making progress on it. I have been talking to the loan specialist about everything and he said as long as we are making progress then I should be fine. I was just wondering if anyone has had a experience like this with a 203k loan where you were past the deadline. Did the lender step in and take over? I am starting to worry a little bit because I have everything invested in this house. Thank you and Happy Holidays!