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Why are lenders now asking for invoices for repairs to be broken down specifically engineering costs?

Posted on: 25th May, 2010 06:20 am
We provide foundation services for borrowers and work with lenders throughout the country. Here lately we have been getting calls and requests to break down the invoice showing specifically engineering cost. Whereas before this was seldom requested. I know its a good idea, Im just wondering if a new mortgage e-letter was issued stating this requirement that I might have missed. Anyone know about this possibly new requirement?
Hi josh,

I haven't heard of any such mortgage e-letter being published with the requirement for invoice.

Thanks
Posted on: 26th May, 2010 02:46 am
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