What does HUD say?

Over the past year and a half, I’ve had the luxury of speaking with several hundred FHA 203k Consultants. During my conversations, I’ve been surprised  to learn there are a whole lota consultants out in the consulting world that are generating their specification of repairs “Ass Backwards” according to
HUD standards.

Did I say “Ass Backwards”? Yes, and I certainly don’t mean their donkey is turned around looking the other way. What I mean is that when I’m speaking to consultants around the Country, they are informing me they are utilizing the contractors cost breakdown to generate their specification of repairs! This is a major HUD “NO NO”.

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