Last Friday we were told. One house we were at the 99% point. What does that mean?
And the other...We had to "fix" what the inspector pointed out. All we need to do is supply a written statement from a licensed contractor and we are good to go. OF COURSE Monday came and that was not the case. Monday they said we had to have the inspector back out to verify. What if we constantly miss lead the public. We would probably be in jail. But the lenders can just say anything they want. So...the inspector will be out on Wednesday.
The question is. Will that be the last thing required to release funds? They say yes, I say no. I say they will come up with something else, and keep in mind they are saying no. What do you think?
Tuesday, August 19, 2008
Still waiting on funds
Posted by aw at 2:53 PM 0 comments Links to this post
Labels: funding process
Monday, August 4, 2008
Hall of Records
So here is the deal on the property. The piece of property in question is on the other side. The original property had 50' of road frontage, sometime between 1940 and today an additional 25' was purchased for a total of 75' of frontage. It was on the complete opposite side that we thought. It does make sense that it was added. Now we should do a rough measurement to see where we really stand.
Posted by aw at 10:54 AM 0 comments Links to this post
Sunday, August 3, 2008
Where have we been
Well, we have been right here. The wheels turn slow, almost backwards at times. Here is where we stand.
1035 11th: Still not funded. Keep in mind, on June 30th we said we give up, we will do it your way, we will sign loan docs today. Now today is August 3rd, we still have not signed loan docs! This process started in March, funding is running 5 months. Friday afternoon they came up lead based paint and termite inspection. We only found this out by calling them. We could have had this done in April, May, June, July...you get the picture. We feel as if we are chasing them down an alley and they keep knocking down trash cans in hopes we stumble on them and they get away. Being in our shoes it appears that they are doing everything they can not to fund. It truly seems that they have their secret "code red" orders (movie: A few good men) and that order is to do everything you can to make the buyers and sellers go away but do not admit to it. I GUARANTEE they are not doing what they can to make it happen. How are these people getting paid? There is something odd going on in the funding industry.
1024 Williams:
We now have people in this house too! We will get all this accomplished even if we have to do everything ourselves. It appears that we will.
An interesting development has just come up with this house. Our attention was turned to taxes. We are going to attempt to get them lowered, they are just too high based on the new lowered housing values. Of course the county will fight us on this, saying it is worth what they say, and of course any lender will say it is worth next to nothing. We call that the loose-loose. So we were getting the forms together for that appeal. Becoming familiar with the taxes. It just so happened we received a re-assessment in the mail and said it was not being lowered automatically. Interesting enough we received two. Hmmmm, Back in April a real estate woman stopped and looked at the property and mentioned to us that we may own the lot next to us. According to what we now see we may own more. But, and there is always a but, no one seems to be aware of it. The area in question has always been maintained by the neighbor. It clearly states we own half that lot and have to pay taxes on it, and previous owners have always paid taxes on it. Well now, this is sure going to be an interesting investigation. This is something to stay tuned for.
Posted by aw at 9:04 PM 0 comments Links to this post