Most any local bank will provide a construction loan with a controlled or monitored schedule for advancing funds while construction progresses and then converting it to a conventional mortgage when the project is completed.
Maybe I'm not understanding the question . . . . or maybe that's dried up too? But I've done some BPOs for the purpose of checking in on construction progress during 2009, so I think it's still working.
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Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"
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