So not happy at this point in time. Would I recommend a 203K loan to anyone? NO. It's now been 3 weeks since we requested the last draw check. No work is being done at the house and we have 8 weeks to complete it. We were at house all weekend putting up the shed, painting what we can, and doing little stuff, but at this point we have no complete bathrooms, no kitchen, the house is not livable. I can't hire someone else to do it because I've fronted all the cash that I can at this point.
I had to contact my lawyer this morning to get involved and try to get our escrow money released by the mortgage company so that the contractor can get back to work. Even after this one is released there's still alot of moenysitting in our account for the rest of the project, with 8 weeks to go, delays like this are not an option and should not be happening. We are obligated to finish the project by July 26, not completing it is NOT an option. They should be obligated to give us our money in a reasonable time frame.
Dealing with a project this size is bad enough just because of what it is, but when contractors are not working and mortgage companies will not give you YOUR OWN money, its too much.
Hopefully better news later this week :(
Like I told you before Down With The Man!!!! remember all you have to do is pick the tree you want to use :-)
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