Mike's 203k Blog

Can I replace the foundation with a 203k loan?I have a 203K client that is starting the project from the foundation (pier and beam).  During the estimate development process, the contractor selected is recommending replacement of all piers is that okay to replace all piers and still remain compli...

I've owned a 1954 Whirlitzer for years now, a gift from a great friend. Bobby won it for a $1 raffle ticket, put it in his truck and headed for CA. What a surprise but then I filled it with my old 45's. What a joy.I just completed the final draw for a client and Michael actually repairs and refur...

What a tragic event that you are having to endure. We are so very sorry for your losses. You have to take action however and we are trying to get the word out.  Don't let anyone remove your foundation. When Katrina hit years ago, we volunteered to get down there and see what we could do to help, ...

What a tragic event that you are having to endure. We are so very sorry for your losses. You have to take action however and we are trying to get the word out.  Don't let anyone remove your foundation. When Katrina hit years ago, we volunteered to get down there and see what we could do to help, ...

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We are now open for business on the ground in Naples, Florida, Cherry Hill, New Jersey, and our 3rd office is opened in Philadelphia.  ______________ has opened and manages these three locations. His principal location is Naples, Florida, for 203k consulting. _____________ has been consulting sin...

Frankly it is either one. This photo was taken back around 1989 or so when I hired Frank to do a couple of shows for us. He is an amazing guy, very family oriented. I remember working out at the front door of the event when the producer came up to me and said "Frank wants to see you in his dressi...

Create inventory to meet your clients needs. What I love about this business is that we see a different house or two every day and watch it as it transforms to meet the buyer's expectation. Yep, that is my Chrysler 300 in the driveway.   This is the "after" scene if the same house. Nice neighborh...

The new HUD Guideline comes out shortly. On 9-14-2015 the new Guideline comes out. This is NOT a reflection on the prices a consultant can charge for their services. HUD doesn't restrict what we can charge, only an amount they are willing to take on as a risk to the loan at this juncture.  Whatev...

In our business this happens all the time. The lender calls us for a 203k "RUSH" project, as if they all arent' rushes. I don't recall the last time a lender actually placed an order the right way. With all of the facts, names spelled correctly as we need to enter them on the paperwork but they w...