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Join Date: Mar 2004
Location: Los Angeles
Posts: 17,705
Try to finish them. They don't like unfinished or ongoing projects. The way lenders see it is that if it never gets done, the home will lose value upon sale so they are more reluctant to fund the loan. Talk to your lending officer, sometime they will make suggestions on the amount of construction or remodel completed to a certain stage and they will see it as good enough for the loan. Ask me how I know. I had to fight tooth and nail on a couple of our rentals.
Old 08-27-2022, 11:24 AM
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