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By Paul E. Bocka | Broker in Fairport, NY

$$ Amounts for repair costs under the Streamlined (k) program?

What are the minimum and maximum amounts for repair costs under this program?


The minimum repair cost of $5,000 is eliminated and the ceiling is now raised to $35,000.  

Note that, when the repairs exceed $15,000, the mortgagee must perform or obtain an inspection to determine that all listed repairs were completed.


By Paul E. Bocka,  Thu Mar 25 2010, 09:44
Thank you Hutchinson!

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