They request what is called an “as-repaired appraisal.”To give a general picture of how the as-repaired appraisal fits into the process here’s a very basic look at the steps involved in a standard 203K loan, sometimes called a Consultant K* loan:The borrower selects a property, a lender, a 203(k) consultant and a general contractor.The lender pre-qualifies or pre-approves the borrower, and determines that the property is eligible for a 203K loan.Working with the consultant and the contractor, the borrower submits a document that specifies all repairs.The lender requests an appraisal.

Moreover, the opportunities to sell off the note to someone else are lower, whereas banks can just originate the notes in accordance with traditional underwriting standards and sell them off to the secondary market. 

I am planning a trip to Cali next month.I was told from the standard mortgage operator on the phone, that I would better talk to their Private Mortgage Department or Advisor.

Bought a 1st floor unit in FL at the auction and there is massive mold and water damage from a water leak from a 3rd floor unit.

Additionally, the loan is non-recourse (except for bad boy carve-outs, which is standard) and provides very competitive loan terms.

I'd say maybe 1/3 of my guys don't even have a website (let alone a website suitable for 2019 standards!). 

We are still swimming in historically low interest rate waters.   

Do you have an example of something that doesn’t conform to the IRS standards? 

If a condo unit owner had a water leak that damaged my unit how do I take them to court?

When we opened it, we got the EIN and notice from the IRS about filing form 1065, which is standard.