As you may have been following along, you'll recall that the old house has been torn down and carted away; that the garage is almost completed; that the basement walls are poured and the cap is in place. Monday is scheduled for backfill and the in-floor radiant heating is installed before the slab is poured later in the week.
AND WE STILL HAVEN'T CLOSED ON THE CONSTRUCTION LOAN.
I wish I would have been keeping better track of these follies, but it goes something like this:
Our lender says we need flood insurance. Our insurance company says they don't think so. Our lender sends us a FEMA application for a variance that costs $800, takes 60 days, requires another survey along with an elevation certificate with no guarantee of acceptance as well as requiring a subsequent application when the house is completed.
The surveyor says he doesn't think another survey is necessary and views this as more government intervention into our lives. Our insurance company, wants to see what the lender sees so they fax several questions.
So for the past three weeks (or is it years?) I've been playing round robin with these entities. All the while our contractor is waiting to be paid.
I even begged the insurance company to sell us the most expensive policy they have and they still required the elevation certificate that the surveyor has deemed unnecessary.
To her everlasting credit, Ann saw me spinning out of control yesterday and took over matters. She talked to our builder who talked with the lender who now blames the insurance company who blames the surveyor who blames the government.
Monday we'll contact a local insurance agency to see if they will sell us a unnecessary flood insurance plan that avoids a survey and will be good enough to obtain the construction loan.
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