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Updated over 8 years ago on . Most recent reply

User Stats

17
Posts
7
Votes
Ian F.
  • Rental Property Investor
  • Houston, TX
7
Votes |
17
Posts

House in New Jersey, Delayed by 203K contractor

Ian F.
  • Rental Property Investor
  • Houston, TX
Posted

Hey all,

I am currently involved in my first investment property just outside Atlantic City. I got a 203K with my FHA loan and a general contractor gave me an estimate, on the bank's recommendation.

Bottom line is, I have been ready for the guy and patient for over a month but he's been stalling due to personal problems. 

Does anyone have experience with changing contractors with the mortgage company?

Also, how do you find and vet new contractors to make sure they're legit? 

Thanks in advance!

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