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Updated over 5 years ago,
203k building permits not approved
Recently closed on a 203k loan. We are in the process now of getting the building permits but have to apply for a variance for our property. Most of the variances get approved but some do not. My question does anyone know what happens with your loan if the city does not approve the permit? Do we have to talk with our bank? Are we stuck with a house we can’t do anything with? Any advice would help me!!