Property Damage & Disaster Restoration Blog: Long Island & New York City

Deconstructing Long Island's Construction & Demolition Waste

Posted on Fri, Feb 05, 2010 @ 12:57 PM

When buildings reach the end of their useful life, they are typically demolished and hauled to landfills.  Building implosions or ‘wrecking-ball' style demolitions are relatively inexpensive and offer a quick method of clearing sites for new structures. On the other hand, these methods create substantial amounts of waste. 

The demolition and renovation of buildings in the U.S. produces 124,670,000 tons of debris each year, according to the Deconstruction Institute. That's an awful lot when you consider that just one 2,000-square-foot wood-frame home has the potential to yield 6,000-board-feet of reusable lumber or about 85 percent of the wood framing.  That house, demolished and sent to a landfill, amounts to about 127 tons of trashed materials or about 10,000 cubic feet of debris.  This is equivalent to 33 mature trees, or the yearly output of 10 acres of planted pine (7 football fields).  Wood frame houses are good examples, since 95 percent of all houses are built that way.

The U.S. Environmental Protection Agency estimates that 270,000 residential units are demolished in the U.S annually.  Much of that demolition debris goes into landfills.  In this country, according the EPA, building debris (in total, not just from residential units) accounts for one-third of all solid waste, and an estimated 91 percent of that comes from renovation and demolition.  We can estimate that for every 3 square feet of deconstruction, enough lumber can be salvaged to build 1 square foot of new construction. At this rate, if deconstruction replaced residential demolition, the US could generate enough recovered wood to construct 120,000 new affordable homes each year.

Some states, including California and Massachusetts, are enacting bans, taking steps to divert up to 60% of the construction waste from landfills.  In Chicago, the city has ordinances which require almost half of the construction debris be diverted from landfills.  Thanks to some forward-thinking insurance companies who now offer a "green" policy, coverage for recycling and deconstruction costs are now a reality on some insurance policies.

Construction & Debris (C & D) Waste Facts

In 1978, there were approximately 20,000 landfills. By 1988, that number had dropped to 5,499. Currently the figure stands at 3,091. The EPA estimates that as of the 2008, only 1,234 landfills were available. 

Only 3 active landfills on Long Island as of 2009.

All landfills will eventually fail and leak leachate into ground and surface water. Plastics are not inert. State-of-the-art plastic (HDPE) landfill liners (1/10 inch or 100 mils thick) and plastic pipes allow chemicals and gases to pass through their membranes, become brittle, swell, and breakdown. 

"...82% of surveyed landfill cells had leaks while 41% had a leak area of more than 1 square feet," according to Leak Location Services, Inc. (LLSI) website (March 15, 2000).

All landfills could require remediation, but particularly landfills built in the last 60 years will require a thorough clean-up due to the disposal of highly toxic chemicals manufactured and sold since the 1940's.

The U.S. generated 143.5 million tons of building-related construction and demolition debris in 2008, but only 28% (40.2 million tons) was reused, recycled or sent to waste-to-energy facilities.

Consider that one year's debris is enough to build a wall about 30 feet high and 30 feet thick around the entire coast of the continental United States (4,993 miles).

How much do your building projects impact these numbers? Consider the following:

  • The average new construction project yields 3.9 pounds of waste per square foot of building area. Example: A 50,000-square-foot building = 97.5 tons of waste.
  • The average building demolition yields 155 pounds of waste per square foot. Example:A 50,000-square-foot building = 3,875 tons of waste.

According to the National Association of Home Builders, a typical 2,200 sq.ft. home requires 13,000 board feet of framing lumber.  If laid end to end, that framing lumber would stretch 2.5 miles.

If all the dimensional lumber used to build the 1.2 million new homes constructed in the United State each year were laid end to end, it would extend 3 million miles, the equivalent of going to the moon and back six and a half times.

 XXX5FRY6C9DS

Tags: long island green homes, long island, green building, demolition waste, construction and demolition waste, waste, advanced restoration, advanced restoration corporation, environment, building deconstruction, building deconstruction long island, green construction, build green, sustainable practices, c & d waste

Building Deconstruction On Long Island

Posted on Thu, Feb 04, 2010 @ 09:15 PM

What Is Building Deconstruction?

Building deconstruction is the systematic dismantlement of building materials and building components, specifically for re-use, recycling, and waste management.  It differs from demolition where a site is cleared of its building materials by the most expedient means and a majority of the demolished materials are hauled to a landfill for disposal. 

Building deconstruction is also referred to as "construction in reverse" or "Last On, First Off (LOFO) Construction".  Deconstruction is new by name, but not by practice, as the recovery and reuse of materials in order to build new structures is as old as buildings themselves. Reuse of materials might be considered one of the "original" green building techniques, along with the use of local materials.

In the pre-industrial era, building material conservation was driven by the high intensity of the labor effort required to harvest and prepare them. Reuse of materials provided an economic advantage. In the mid-to-late 20th century, the emergence of machine-made and mass-produced materials, chemically complicated materials, and the relatively low cost of oil allowed this basic idea of "waste not, want not" to fall from usage in the creation of built environment. 

Buildings, like everything, have a life-cycle. Deconstruction focuses on giving the building materials within a building a new life once the building as a whole can no longer continue.

Building materials and components within old buildings may still be valuable, sometimes more valuable than at the time the building was constructed.  Deconstruction is a method of harvesting what is commonly considered "waste" and reclaiming it into useful building material.  In the process, Advanced Restoration Corp. seeks to recycle or reclaim for re-use a majority of the structure, save the property owner expensive debris hauling and disposal costs, and enable the donors to earn a significant tax deduction for their donations.

For More Information Please Visit Our Other Web Pages:

Deconstruction: The 1st Phase In Sustainable Building

Deconstructing Construction and Demolition (C & D) Waste

Long Island's Economic Benefits of Building Deconstruction

Long Island's Environmental Benefits of Building Deconstruction

Long Island's Social and Community Benefits

 

 

 

Tags: long island green homes, long island, green, green building, advanced restoration, advanced restoration corporation, environment, building deconstruction, building deconstruction long island, green construction, build green, sustainable practices

Disaster Kleenup International (DKI) Going Green

Posted on Thu, Jan 07, 2010 @ 02:37 PM

Wood Dale, IL - Disaster Kleenup International (DKI), North America's largest disaster restoration contracting organization, announced today that they are the first organization to have achieved the Green Risk ProfessionalTM designation established by Vale Training Solutions.
dki, disaster kleenup international in ny

DKI made the decision to partner with Vale Training Solutions for Green Risks training in response to the market's demand for green building. DKI is the leading provider of quality emergency and reconstruction services for commercial, residential and insurance clients throughout North America and the curriculum provided in Vale's Green Risks courses has allowed DKI to continue at the forefront of industry trends.

"We have pioneered this movement by being the first and only disaster restoration and reconstruction organization to be green risk certified in building reconstruction and restoration services," said Dale Sailer, president of DKI. "DKI understands that in today's marketplace, individuals and organizations continually strive to do their part in building or creating green environments."

Property owners understand the long term advantages of 'going green' and insurance carriers have responded with green coverage for new environmentally sustainable construction or renovation following a loss.
Jon McCreath, President of Vale Training Solutions, says "As more carriers offer green coverage, independent adjusters, restoration professionals, and engineers must be adequately trained and possess the expertise and professionalism necessary to understand the makeup of green construction and building products, rating systems and insurance coverage."

McCreath continued, "GRPTM adjusters and restoration professionals provide the expertise necessary when buildings are insured with 'upgrade to green' endorsements or where restoration/repairs include green measures to replace damaged traditional products" DKI is the only Green Certified Services Organization that is adequately trained to provide a superior level of knowledge, expertise, professionalism and customer service to property owners, managers, facility directors, and insurers of green buildings. Not only does DKI understand the makeup of green buildings, products used in green buildings, rating systems and insurance coverage as it relates to these elements, but DKI can ensure that if a green building sustains damage, the building will be restored using the most efficient green products in the marketplace.

About DKI
Disaster Kleenup International, Inc., headquartered in suburban Chicago, is the largest disaster restoration contracting organization in North America. DKI member companies provide full service restoration to their customers: emergency response, water damage mitigation, fire and contents cleaning, mold remediation, complete reconstruction and much more, 24 hours a day, 365 days a year. DKI returns damaged property to its pre-loss condition quickly and efficiently, delivering complete satisfaction to our consumer, insurance, and corporate customers. For more information about Disaster Kleenup International, Inc., contact Michele Donahue at (630) 741-7262.  Advanced Restoration Corporation is a DKI Member Company that services the New York Metro area. If you require Emergency Service in New York, please call (800) 693-6263.

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Ice Dams and Protecting Your Home!

Posted on Wed, Jan 06, 2010 @ 08:11 PM
As if we need more snow, another storm is expected on Friday. Whenever there is snow, you are guaranteed to have troublesome ice dams to follow. Ice dams can cause major water damage and flooding to your home, which requires immediate attention.
ice dams, water damage,water extraction
As winter advances through cycles of freezing and thawing, buildings and homes experience ice buildup and roof damage. In general, ice dams are formed when attic heat moves up to warm the roof and melts snow at or near the ridge. Snow melts, runs downward and hits the edge of the cold roof, resulting in re-freezing snow. These cycles cause ice to accumulate and back up under shingles. Damage appears in the form of soaked insulation, stained, cracked and damaged sheet rock, damp, smelly, rotting wall cavities and stained, blistered and peeling paint.

Preventing Ice Dams
To prevent an ice dam, don't heat the roof, keep it cold. That way, the snow on the roof eventually dissipates without making large amounts of meltwater. The underside of the roof deck should not exceed 30 F. The best way to maintain low temperatures is by ensuring that there is adequate insulation and sealing gaps that let warm air pass into the attic from the house. The attic must also be ventilated, so that cold air is introduced into it and heated air escapes rapidly. Some remodeling contractors are under the impression that heat passing through the attic helps prevent ice dams, when just the opposite is true. Although excess heat moving from the attic through the roof rapidly melts snow, once the meltwater touches the cold eaves, it quickly freezes and forms an ice dam.

If you have a furnace in the attic, it may not be possible to prevent ice dams. Increased insulation, however, should help. First, insulate the areas between the roof rafters. It is important to keep an air space between the roof deck and the insulation in order to prevent a condensation buildup that can delaminate the roof deck. Prior to insulating, install polystyrene rafter air channels, which are available at home centers. Next, lay insulation blankets over the furnace's heating ducts to help reduce the heat buildup in the attic. If there's a hatchway into the attic, build a cover for it out of rigid poly-styrene insulation.

If the gable and ridge vents do not generate sufficient air movement to dissipate the heat, you will need a motorized vent at one end of the attic to exhaust the heat, and an adequately sized vent on the opposite end of the attic to draw in cold air from the outside.

Check your home carefully when ice dams form. Investigate even when there doesn't appear to be a leak. Look at the underside of the roof sheathing and roof trim to make sure they haven't gotten wet. Check the insulation for dampness. And when leaks inside your home develop, be prepared. Water penetration often follows pathways difficult follow. Don't just patch the roof leak. Make sure that the roof sheathing hasn't rotted or that other less obvious problems in your ceiling or walls haven't developed. And then detail a comprehensive plan to fix the damage. But more importantly, solve the problem.

If you experience water damage that requires a water damage/flood restoration expert, please contact Advanced Restoration at (800) 693-6263. Advanced Restoration is a full service property damage restoration company that can respond 24/7 to your water damage situation. We use state-of-the-art equipment to handle structural drying. Our professional staff is also available to handle mold situations that may occur as a result of a water loss. Our service area includes Nassau County, Suffolk County and the New York boroughs. Enjoy the snowfall and stay dry!

Tags: disaster, preventing frozen pipes, floods, ny water damage company, water damage, flooding, winter storm, ice damage, cold winter, advanced restoration, advanced restoration corporation, long island water damage, restoration, water extraction, emergency service, homeowner tips, restoration company, rebuild, flood damage, storm damage, storm, water leaks, frozen pipes, nor'easter, ice storm

Green Drinks Babylon

Posted on Sun, Sep 13, 2009 @ 02:03 PM

A Force for the Sustainable Development and Future of Long Island.

Green Drinks Babylon is a monthly gathering of like-minded individuals committed to shaping our future and making Long Island a greener community. Come out and charge your eco-spirit and make some new connections.

Our 1st meeting is on Oct 14th, 2009 @ Horace & Sylvia's Publick House in Babylon, NY.

Signup for [email protected] Green Drinks Babylon

For more info email me @ [email protected]

We have a lively mixture of people from NGOs, academia, government and business. Come along and you'll be made welcome. Just say, "are you green?" and we will look after you and introduce you to whoever is there. It's a great way of catching up with people you know and also for making new contacts. Everyone invites someone else along, so there’s always a different crowd, making Green Drinks an organic, self-organising network.

These events are very simple and unstructured, but many people have found employment, made friends, developed new ideas, done deals and had moments of serendipity. It's a force for the good and future of Long Island.

Find us on FaceBook.

Tags: babylon, green drinks, advanced restoration corporation, long island water damage, mold remediation, green construction, go green

203k Loans Made Simple? Yes, for Your Clients

Posted on Wed, Jul 15, 2009 @ 05:48 PM

Excellent article on 203k loans...

Source: Colleen Craig
Santa Clarita, CA
More about Colleen…
Southern California Mortgage Professional
Office Phone: (661) 310-8536
Cell Phone: (661) 310-8536
Email Colleen
http://www.colleencraig.com

203k MADE SIMPLE?

Okay, maybe not, but I will attempt to make it as simple as possible for the client to understand and want to read on. For many of us in the business who are " in the know" we forget that we need to go back to the basics and spell it out in simple terms for others to understand. So I've compiled some information based on my most recent commonly asked questions just this week.
In Southern California, FHA loans were just not utilized over the past 10 or so years because of the FHA Maximum Mortgage limits But now that the limits have been increased and the prices have decreased, FHA loans have become the most utilized loan in recent months. HOWEVER, because it was not a popular loan, you would be amazed at how many lenders/brokers do not know what they are doing. Especially when it comes to the 203k loan. I spoke to a client today that was given such mis-information it made me cringe.

Apparently they told the client that 203k loans were no longer being done (Gee, you think it was after realizing that they had no idea what they were doing?) and they tried to flip them into another loan. This was after telling my client that their loan amount would be for the contract price and the extra money would just be separate and sit in an impound account to be disbursed over the next 6 months. Okay partially true, the extra amount would be in escrow to be disbursed as the remodel progressed, but for free? Who pays for the extra 50,000 dollars you just borrowed for repairs? Your loan amount is for the entire amount you are borrowing. Makes sense right?

So what is a 203k loan and why use one?
When a buyer wants to buy a home that needs repairs utilizing FHA financing, normally the repairs would have to be completed prior to the close of escrow. The repairs would normally fall on the responsibility of the seller. With so many foreclosures in today's market, the bank is the seller. And many times the home in need of repair is listed "as is". Which in the past would require a cash buyer or conventional financing. This is another reason that people in the business decided to shy away from FHA loans. I believe it was pure ignorance of the programs that were available by the brokers and the realtors couldn't properly prepare their seller for what to expect that gave FHA loans a bitter taste.
My associate Jeff Belonger said it best in his post about ignoring what your listing agent tells you about FHA loans
Here we go....203k loans for dummies

* 203k loans allow you to FINANCE the cost of the repairs in the new loan amount. (Not to exceed 110% of the after improved value determined by the appraiser and 203k consultant) What does this mean? I buy a house for 200,000 that needs 50,000 in repairs and I can borrow the extra 50,000? Too good to be true? NOPE. That's it in a nutshell....
details please.........

* Down payment is based on the sale price PLUS the final cost of the repairs x 3.5% so for example:
Sale price is 200,000 (DO not calculate 3.5% on this) PLUS 50,000 in repairs/costs (which includes certain costs and reserves the lender will require) 250,000 x 3.5%. Down payment is $8750.00 (closing costs are separate as usual)

* Buyer will hire (lender can recommend) a HUD approved FHA 203k Consultant to go to the property with the buyer to determine the required repairs and wish list repairs.
The fee charged by the consultant can be included in the mortgage. The fee can range anywhere between $ 400 to $1200 depending on the repairs required. Please check with the consultant prior to scheduling your appointment.

*Buyer will obtain estimates from several licensed contractors for the work to be completed depending on how extensive the repairs.
Three estimates are recommended for each contractor but not necessary. The buyer can act as their own general contractor only if experienced and licensed. (FHA says experienced, but most investors require the buyer to be licensed) The contractors must provide documentation to be approved by the lender prior to approval.

The consultant will determine the "required" repairs versus the "wish list repairs". You must start with the required repairs and then move on from there for you wish list. This is an important step for the consultant and appraiser so that you don't over improve the home and exceed the comparable properties in the area.

* Once the consultant completes his report of required and wish list repairs, the lender will forward it to the appraiser for an "After Improved Value". This is where you may run into problems with OVER improving the property based on current values. Between the consultant, appraiser and buyer - the FINAL FINAL report will be tweeked to come up with a final report that the contractors will be hired to do.

* So now the file is submitted to underwriting and approved ( you need to qualify at the full amount you are borrowing of course, which may include your current mortgage payment for the home you will live in during the rehab period) and the normal steps for closing will occur.
(BIG PLUS - you can include 6 months of mortgage payments in the new loan amount since it's assumed that you will have TWO housing payments during the rehabilitation of the new home. This money will be deducted each month during the reahab process) This is optional.
* Closing occurs, and the work begins within 30 days of closing/funding. (This is when your mortgage payments start since this is when you started borrowing the money - however, if you included the 6 mths mtg payments, they will be deducted from escrow starting when your first payment is due)

* Disbursements are made throughout the following 6 months from the escrow account (normally 4 draws with one final inspection, but this can be increased for higher repair amounts) as the work is completed.

Remember you paid the seller for the price of the home, and then you borrowed an additional amount of X which is sitting in an escrow account to pay the contractors (your total loan is the total amount you borrowed)

Once the last disbursement is made and the final inspection showing COMPLETED AS PER THE CONTRACT........you are done! Simple as 1 2 3 - okay maybe not, but that's why having an experienced lender on your side is crucial!

There are specific properties and repair requirements for this type of loan, so please call me for specific details if this sounds like the right loan for your new home.
Please send me your before and after pics! I would love to see them and maybe even post them for people to see what can be done with this awesome program! Or contact Colleen Craig FHA 203k Specialist for more details

Happy Rehabbing!


Advanced Restoration Corporation is a full-service restoration contractor with the ability and 203(k) knowledge to provide complete Rehabilitation & Restoration services to your new home!

For more information about 203(k) loans and mortgage professionals authorized to generate FHA 203(k) loans, please contact Gary Matzelle at (516) 903-4107.

Tags: 203(k) loan, property damage, restoration companies, fha, advanced restoration, advanced restoration corporation, reconstruction, homeowner tips, disrepair, home repair, refinance, 203k, hud

Water Damage, Floods & Heavy Rains Pummel NY!

Posted on Thu, Jun 18, 2009 @ 03:50 PM

The National Weather Service has issued a FLASH FLOOD WATCH for portions of New York and New Jersey from until 8 p.m. on Thursday.

A FLASH FLOOD WATCH means that conditions may develop that lead to flash flooding. Flash flooding is a very dangerous situation. One to two inches of rainfall is expected. Locally higher amounts are possible especially in areas affected by thunderstorms.

TRACK WATCHES AND WARNINGS
There is also an urban flood advisory for Nassau and Suffolk counties until 4:45 p.m.
Recent heavy rainfall has left soil conditions around the New York City metropolitan area and northern New Jersey saturated.

Forecasters are predicting one to two inches into early Thursday evening, with higher amounts from thunderstorms. Streams could rise, particularly along the Raritan and Passaic river basins. Check your basements for water damage...

Water Source Categories

Category 1: Often referred to as “clean” waterA “clean” water source is one that does not pose substantial harm to humans. Examples of clean water sources may include, but are not limited to: broken water supply lines, tub or sink overflows with no contaminants, appliance malfunctions involving water supply lines, melting ice or falling rainwater – not that which flows over the soil or through multiple structural components- broken toilet tanks, and even toilet bowls that do not contain contaminants or additives. Once a clean water source contacts other surfaces and materials, its condition may change as it dissolves or mixes with soils and other contaminants, and as time elapses.

Category 2: Often referred to as “gray” water Unsanitary or “gray” water contains some degree of contamination. Potentially, it could cause substantial discomfort or sickness if consumed by humans, and it carries microorganisms or nutrients for microorganisms. Category 2 (gray) water examples may include, but are not limited to: discharge from dishwashers or washing machines, overflows from washing machines, overflows of toilet bowls with some urine (no feces), broken aquariums, and punctured water beds. All of these may contain chemicals or biocontaminants (fungal, bacterial, viral, algae), or other forms of contamination. Time and temperature aggravate Category 2 (gray) water contamination significantly. Water in flooded structures that remains untreated longer than 48 hours can change from Category 2 (gray) to Category 3 (black).

Category 3: Often referred to as “black” waterCategory 3 “black” water always contains pathogenic agents. Grossly unsanitary, “black” water sources are those that arise from sewage or other contaminated water entering a structure. Sewage contains the expected urine and feces; but it could also contain dangerous chemicals or medical wastes. Toilet backflows that originate from beyond the toilet trap are considered to be Category 3 (black) water situations, regardless of visible content or color. This category includes all forms of sea water, ground surface water, and rising water from, rivers or streams. They carry silt and organic matter into structures and create Category 3 ”black” water situations. In situations where structural materials and / or contents have been heavily contaminated with such materials as pesticides, heavy metals, or toxic organic substances; the water damage is considered to be Category 3 (black) water.

If you have flooding or water damage from the storms hitting the NY Metro area, contact a reputable property damage restoration company. Advanced Restoration Corporation is a preferred vendor for insurance companies and is available 24/7 to respond to any disaster situation. Call them today at (800) 693-6263, or visit them on the web at www.AdvancedRestoration.com.

Tags: disaster, restoration companies, water damage, groundwater, advanced restoration corporation, long island water damage, water extraction, emergency service, flood damage, flood, moisture, water leaks

Foreclosure Rescue Scams-HUD News Release

Posted on Mon, Apr 27, 2009 @ 12:40 PM

Source: HUD No. 09-033
Melanie Roussell (202) 708-0685 www.hud.gov/news/
For Release Monday
April 6, 2009

FEDERAL, STATE PARTNERS ANNOUNCE MULTI-AGENCY CRACKDOWN TARGETING FORECLOSURE RESCUE SCAMS, LOAN MODIFICATION FRAUD

Civil Enforcement Cases, State Enforcement Actions, Alert to Financial Institutions Among New Efforts to Protect American Homeowners Seeking Relief

WASHINGTON - As homeowners and communities throughout the country continue to face devastating consequences from the deep contraction in the economy and the housing market, the Obama Administration today announced a new coordinated effort across federal and state government and the private sector to target mortgage loan modification fraud and foreclosure rescue scams that threaten to hurt American homeowners and prevent them from getting the help they need during these challenging times. The new effort announced today aligns responses from federal law enforcement agencies, state investigators and prosecutors, civil enforcement authorities, and the private sector to protect homeowners seeking assistance under the Administration's Making Home Affordable program from criminal actors looking to perpetrate predatory schemes.

The U.S. Department of the Treasury, the U.S. Department of Justice (DOJ), the Department of Housing and Urban Development (HUD), the Federal Trade Commission (FTC), and the Attorney General of Illinois today discussed new initiatives to coordinate information and resources across agencies to maximize targeting and efficiency in fraud investigations, alert financial institutions to emerging schemes, step up enforcement actions and educate consumers to help those in financial trouble avoid becoming the victims of a loan modification or foreclosure rescue scam.

See full article...


Advanced Restoration Corporation is a full-service restoration contractor with the ability to provide complete Rehabilitation & Restoration services to your new home! Water Damge? Mold? Structural Damage? We provide the expertise and knowledge to partner with you and your mortgage company today.

For more information about how Advanced Restoration can work with you on becoming the restoration contractor for your FHA 203(k) loan, please contact Gary Matzelle at (800) 693- 6263.

Tags: 203(k) loan, odor, homeowner, fire restoration, advanced restoration, advanced restoration corporation, long island water damage, mold remediation, emergency service, disrepair, home repair, mildew

203(k) Loan Application Process

Posted on Sat, Apr 25, 2009 @ 11:06 PM

The 203(k) Rehab Program is available through FHA approved lenders and is available in New York.

Here is a brief summary that provides the process for homeowners interested in applying for a 203(k) loan:

  1. Homebuyer Locates the Property.
  2. Preliminary Feasibility Analysis
  3. Sales Contract is Executed
  4. Homebuyer Selects Mortgage Lender
  5. Homebuyer Prepares Work Write-up and Cost Estimate.
  6. Lender Requests HUD Case Number
  7. Plan Reviewer Visits Property
  8. Appraiser Performs the Appraisal
  9. Lender Reviews the Application
  10. Issuance of Conditional Commitment
  11. Lender Prepares Firm Commitment Application
  12. Lender Issues Firm Commitment
  13. Mortgage Loan Closing
  14. Mortgage Insurance Endorsement
  15. Rehabilitation Construction Begins
  16. Releases from Rehabilitation Escrow Account
  17. Completion of Work/Final Inspection

Advanced Restoration Corporation is a full-service 203(k) restoration contractor with the ability to provide complete Rehabilitation & Restoration services to your new home! We work closely with all FHA approved lenders and are committed to providing professional service throughout the NY Metro area.

For more information about mortgage companies authorized to generate FHA 203(k) loans, please contact Gary Matzelle at (800) 693- 6263 or send an email to [email protected]

Tags: 203(k) loan, remodeling, advanced restoration, advanced restoration corporation, reconstruction, restoration, emergency service, homeowner tips, disrepair, rebuild, home repair, fire protection

203(k) Re-hab/Restoration Loans- What Can You Do?

Posted on Wed, Apr 22, 2009 @ 01:45 PM

Pursuing an FHA 203(k) loan enables homebuyers and homeowners to finance both the purchase (or refinancing) of a house and the cost of its rehabilitation through a single mortgage or to finance the rehabilitation of their existing home.

The extent of the rehabilitation covered by a 203(k) may range from relatively minor (minimum of $5000 in cost) to virtual reconstruction: a home that has been demolished or will be restored as part of rehabilitation is eligible.
Section 203(k) insured loans can finance the rehabilitation of the residential portion of a property that also has non-residential uses; they can also cover the conversion of a property of any size to a one-to-four unit structure.

The types of improvements that borrowers may make using Section 203(k) financing include:

  • Structural alterations and reconstruction
  • Modernization and improvements to the home's function
  • Elimination of health and safety hazards
  • Changes that improve appearance and eliminate obsolescence
  • Reconditioning or replacing plumbing; installing a well and/or septic system
  • Adding or replacing roofing, gutters, and downspouts
  • Adding or replacing floors and/or floor treatments
  • Major landscape work and site improvements
  • Enhancing accessibility for a disabled person
  • Making energy conservation improvements

Advanced Restoration Corporation is located in New York and is a general contractor/ restoration company that specializes in the rehabilitation of homes in disrepair. We are affiliated with various mortgage companies and have experience with contractor requirements associated with a 203 (k) loan.
For more information on partnering with an experienced company ready to rebuild your dream house, contact Gary Matzelle at (516)903-4107. Service area includes: Nassau County, Suffolk County, Queens, Manhattan, Staten Island, Brooklyn and The Bronx.

Tags: disaster, 203(k) loan, fire restoration, water damage restoration, mold, smoke damage, advanced restoration, advanced restoration corporation, reconstruction, disrepair, rebuild, water leaks, weather

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