Editors Note: Written January 19th, 2011
So we finally sorted out the insurance problem, we had to get a policy which is called a builders risk policy. Basically what that means is you pay 3* the amount for a 6 month policy than you would for a normal 1 year policy... Interesting since they are only insuring the property, but apparently there are a lot of problems with houses under construction spontaneously bursting into flames, and since no one is living there, no one notices until the fire breaks the windows and sends clouds out...
We also had the bank finally respond to the most recent offer we sent them! Woot! They sent us a form to extend the closing date to March 1st... and were sure to indicate that time was of the essence in that extension request.. I'm starting to think that the title company, real estate agent, and bank are all working in silos with no one knowing what the other is doing.. for example this extension probably came from the agent who knows the bank needs 6 weeks to close, so after our offer sat on his desk for two weeks he decided to submit it, and only then realized he needed 6 weeks so he wanted to get the extension...
Hard to tell, since no one tells you anything. So we're still hanging around waiting, still hoping our house doesn't get sold out from under us, and still lying to our landlord telling him we have no plans on moving... all good right? Nothing could possibly go wrong right? Time to go take some more advil...
No comments:
Post a Comment