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11 December 2024 | 3 replies
Most of it will be DIY with inspections to make sure it's to code.
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10 December 2024 | 36 replies
The home inspection really shouldn't have anything to do with the interest rate on such a loan.
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11 December 2024 | 8 replies
Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule:The HomeStyle program has a maximum 4 draw process.The initial draw can be up to 50% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information:Ø Signed Draw Request by borrower and contractorØ Signed All Bills Paid AffidavitØ GMG review and approve the draw request and will release funds for disbursementØ A check will be issued in the name of the borrower and contractor and delivered to borrower via USPSØ An inspection of work to date will be performed at 50% completeFinal Draw Information:Ø Signed Draw RequestØ Final inspection/Completion Certificate will be required for release of final fundsØ A Title Update showing property free from lien or encumbranceØ General Contractor’s Lien Waiver AffidavitØ Affidavit of Completion GR will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns:Changes to the initial plan are not permitted unless prior approval by Guaranteed Rate.
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15 December 2024 | 6 replies
He inspected and gave me some ideas.
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24 December 2024 | 25 replies
Otherwise most towns like Roxbury, Landing everytime someone moves in you will need to have the fire department inspect the property so you can get a c of o.
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10 December 2024 | 3 replies
Within minutes of uploading entire disclosure packet, it automatically detects various type of documents (home inspection, TDS, solar, roof, pest etc.) and creates an insightful report of safety risks, costly repairs.
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13 December 2024 | 7 replies
You do need to pass inspection with the city.
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12 December 2024 | 5 replies
My realtor found the city building inspection report which details that the unit needs to be de converted as it cannot be brought up to code.
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13 December 2024 | 5 replies
Give notice that you are doing an inspection and go by the property and look inside to see what's happening.
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31 December 2024 | 49 replies
But if not and there isn't anything noticeably wrong upon inspection, it's probably still priced too high.