Monday, May 24, 2010

More signatures

Well another step closer - the sign-off on the new contract by the appraiser has been returned. We're able to move ahead with financing (the never-ending process it seems). A few more signatures were needed and off the paperwork goes to the underwriters. More finger crossing/live chickens/drum circles/incense/etc. I am so kidding about the chickens. Of course the topic of budget is always on the table. We should hear more by the end of the week.

Monday, May 17, 2010

Another Contract

Well another contract has been signed. Let's hope I don't jinx it. LOL. After some renegotiating and "transparent" concessions - we're moving ahead. We've cut a few items that can be done later, without loss of integrity of the project. We're moving ahead with financing - quite the challenge. The bank has been relatively good through this all. We're just having to cope with the less-than-stellar appraisals. The entire system is frustrating. One appraisal used an attached mid-1980s built condo as a Competitive Sales. Really. We drove by to check it out and my jaw dropped. Let's keep our finger crossed for the higher appraisal to go through.

We're keeping our fingers crossed.