FHA 203K non Streamline project...hired a contractor who's not responsive

[Terrilynn Kelley]

FHA 203K non-Streamline project... we hired a contractor who's not responsive, they don't follow-up on what they are going to do therefore continuously stalling the project, we haven't started the project, and we need to be completed by 1st week of August. Can we switch contractors? We are on a tight deadline to complete the project any advice? Thank you in advance...location Pittsburgh SFH.

[Jacob Sherman]

Is the loan already complete and just waiting to start the project ? should contact the broker for some options 

[Paul Welden]

@Terrilynn Kelley

The Streamline 203k no longer exists. It was eliminated back in September 2015.

Yes you can switch contractors. You may be obligated to complete the project according the the OG contractor's pricing, which may be insufficient to complete the project. 

The contractor is required to provide a 1 year warranty on labor and materials but replacement contractors are difficult to find because they have to warranty all the work ... even from the OG contractor. 

You need to refer to your 203k Borrower's Acknowledgement Form. 

If there are any disputes or outstanding payments to the OG Contractor, your replacement contractor will not get paid anything until the dispute(s) is resolved.

You should really hire a Certified 203k Contractor. 

Maybe call the 203k Help Desk at 855-CALL-203k

Hope this helps!

[Peter Mckernan]

Quote from @Terrilynn Kelley:

FHA 203K non-Streamline project... we hired a contractor who's not responsive, they don't follow-up on what they are going to do therefore continuously stalling the project, we haven't started the project, and we need to be completed by 1st week of August. Can we switch contractors? We are on a tight deadline to complete the project any advice? Thank you in advance...location Pittsburgh SFH.

 You need to talk to your consultant (or lender) or both. There should be a person that is a direct contact that you have been in touch with along the process to make sure you finish out the project and that you check in with on the property rehab. Get ahold of this person and get this question answered. You should be able to switch, I would call them Monday. 

[Terrilynn Kelley]

Thank you.

[Joseph Beatty]

If you need any help finding a new contractor in the area, please reach out. My brokerage has a list of names I'd be happy to refer to you!