Remodel & Renovate in 12589 : Advice

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Sam Thompson, Real Estate Pro in Atlanta, GA
Sam Thompson answered:
I just closed on a house Tuesday and have the same 203k loan - I wasn't even told how it works and that I have to wait until Bank of America
Nicol....Your loan officer is the best source for information.....Depending on the amount of renovations, there might not even be any draws. If it is a small renovation amount of $15,0 ... more
0 votes Share Flag Tue Nov 24, 2009 Remodel & Renovate in 12589
Sam Thompson, Real Estate Pro in Atlanta, GA
Sam Thompson answered:
I cannot get a response from Bank of America regarding my 203 k loan with them! I have contractors about to stop working...any advice?
Has your loan already closed? If so, it can take a while after closing for the paperwork to get set up in their draw dept before contactors can be paid......
0 votes Share Flag Sat Mar 8, 2014 Remodel & Renovate in 12589
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