I know you're probably not going to like this, but you need to get a lawyer. Will that be an added expense - yes. But one well worth it to have dealing with the rubbish contractor who wants to take your money and run. At least the lawyer will be accomplishing something for the money you pay them!

How much have you paid him? Didn't he have to submit an itemized list to your lender for your construction loan? I would talk to your lender ASAP. They might be able to help you.

You need to tell the bank everything you've just told us. Hurry.

Why the hell do you employ the bloke !!

A 203 isn’t free money to do whatever you want. It is a specific list of projects that a specific contractor has agreed to do for a specific price. He really isn’t working for you. He is working for the bank. That list is what the bank said has to happen to make the house habitable. All you DO get to pick is an A or B color choice.

The bank knows who he is or they wouldn’t have written checks to him. The bank controls what happens with 203 funds, not you. The bank owns the house, you just pay them the note.

If you want other projects than the bank approved 203 lending list, then that is a change order and those funds have to come out of your pocket. The loan only covers the exact projects on the list, done by the exact approved contractor that they agreed to do them, using the exact materials that were in his bid. The materials were in the bid documents that you should have gone over with your lawyer. You don’t get to change things now.

You need to talk to the bank. First of all, I don’t think you understand the terms of your loan. At all. Second, they have inspectors that check to see that the funds are actually being spent on that list of approved projects. Third, they probably work with him on multiple projects, because not every contractor is 203 approved. He has to undergo a screening process to be 203 approved. Fourth, because you need to get out and get some air and stop these hysterics. Knowledge is power. Go read your loan agreements. Then read them again. Then talk to the bank.

I want to meet this "loan officer"....................or slum lord, or whatever ya ' want to call him. I am ( admittedly) Not familiar with the 203 loan. You must have a bank loan contract and lending rules/regs from the LENDING BANK. Which says what? In that case, why is the rest of the story..... a story? Seems still a sad story of no due diligence......in this case with the bank contract and loan.

I would be storming HUD on Twitter, pictures and all, tagging everyone and anyone.

April, is this your contractor?

https://www.linkedin.com/in/osman-aydemir-a4679223/

"We took out a 203k loan"

This is your answer. When you took out the loan, you agreed to a certain/maybe two choices of contractors. This is a very specific financial agreement. You need to look at your contract more.

Can't understand why you didn't check references before you hired him.

I can't imagine growing five businesses in five years.

For those not familiar with 203, you don’t get to hire just any contractor that you want. Or just do anything g that you want to the house. That only comes into play when it’s your money paying for things. A 203 loan isn’t your money. It’s the bank’s money, and under the bank’s control. Not the homeowner’s.

as to that last bit in Jans first post, agreed im thinking hooz has a fabrication sweatshop perhaps in Russia to help keep the numbers up and the drama kickin

Why did you give this guy any money? For me, a contractor who said "don't worry about the numbers" would be on his way out the door.

Can't be of help, I'm so sorry, except to support getting real estate lawyer right now. Don't wait. Please share the advice you get so everyone can learn how it works out. I hope satisfactorily.

Here's an agreeable arragement proposed by a contractor we used a bunch of years back though it was a smaller renovation. The contractor made a list of everything he would do in a week, and I would give him a weekly check for that work. This way we both had an "out" if things didn't work out. (They did. He was a prince.) It was a great system.

Apples and oranges. And moldy grapes.

This is basically a construction loan provided for fixer uppers. You can choose your own contractor but the FHA lender has to approve the contractor based on the banks specific guidelines. The contractor provides all of their documents to the bank as it is the banks money that is providing the remodeling costs and not yours. At this point, you need to bring your issue up with your bank and be sure they have all the documents needed and on what basis did they approve him as a contractor.

Call the bank immediately! The list of contractors should have been vetted. If they gave you a choice of someone who has no license and/or who is not bonded, you may have a basis to get the bank to pay for all fixes.

and id maybe remove said contractors name from your posts if i was you

No need to remove anything.

People can include names in posts that complain about a business here, @thatsmuchbetter. If there are really problems, knowing the name is actually kinda useful.

I'd be screaming his name from the rooftops.

until you get sued

Proof of incompetence is truth - an affirmative defense against a lawsuit

That’smuchbetter:

Name one person that was successfuly sued and collected upon in a similar situation, please. Good luck.

Now, what cause of action can be filed against a person who includes the name of a contractor who is incompetent?

how do you know this to be so?

Hi Thats,

Online reviews of a company is perfectly acceptable and encouraged.

Naming the owner of any company is also acceptable and encouraged.

Try reading the NY Times restaurant reviews every Wednesday.

On what level should anyone be afraid to be sued?

Not following your ideology...

Hi That's,

Kindly answer the question, why on earth would I be afraid of being sued for posting a review?

Someone is upset it sounds like, and towards a pro in a matter unrelated to the thread

From Mass Communications Law 101: The absolute defense of libel is truth. The legal term is absolute privilege.

Anyone can file a lawsuit if they pay the filing fee, so I can sue any of you for breathing. The judge is the gatekeeper who will either kill the suit or let it go forward. No legal judgment is made at the time of filing.

Gibbsy

There as of now is no review and only speculative hear say

where is the review you speak to?

https://www.nolo.com/legal-encyclopedia/privileges-defenses-defamation-cases.html