Kenneth:
Do you have a lender? I ask because over the last few weeks you have had a ton of questions on the 203k program and he or she should have reviewed all ot these situations with you before you even started looking for homes. If you do have a lender, it appears you are very uncomfortable with them and recommend you find someone else.
The 203k appraisal is actually 2 appraisals - an appraisal as the property is now, and an appraisal on the property after the work is done. It should be about $600 if it is a single family residence. Usually the client does not share the appraisal with their realtor, but I don't think it matters either way.
Kurt Clements
Senior Vice President
GSF Mortgage
3933 75th Street
Aurora, IL 60504
Office: 630.806.7016
Cell: 630.430.1091
kclements@gsf-mortgage.com
http://www.gsfgovernmentloans. com
- Tue Dec 29 2009, 09:39