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Contractors Affidavit to Induce Lender to Release Funds  Form

Contractors Affidavit to Induce Lender to Release Funds Form

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Instructions and help about Contractors Affidavit To Induce Lender To Release Funds

[Music] with the FHA 203k regardless of the program the approval process for the contractor is going to be the same all banks are going to require that you as the client are going to fill out their validation package which is going to include information about the contractor from things such as their name their license their insurances we're going to want to make sure that they have all those proper pieces we're gonna make sure that they've been in business long enough I mean there's no requirement regarding that but we don't want somebody who just started their business yesterday starting to do 2 or 3 KS for us we want to work with contractors that are well funded it's important to make sure that they understand that they're not getting money upfront on the limited 203k they do get some funds up front but just because you're getting funds up front it doesn't miss acetate that they're going to be ok to be a

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