Either that or they have some logic I cannot wrap my head around. As many of you here know I just moved to Indiana from Illannoy and if you don't know me I did not bring any liberal, socialist gun hating illinois values with me, just the wife, the dogs and the guns. Well we did not get the money we felt our old house was worth but the loss was worth it just to get out of that state.
We got a bridge/construction type loan so we could get our new modular built while selling the old home. Problem is the new home cost more than the old one sold for, it was a real nice home but real estate in illinois is not doing well for sellers. Now the stupid stuff for the new much smaller house loan, the bank not only wrote all the checks for the construction but also inspected everything before writing the checks. Now that we are getting a conventional loan for the remainder the bank is requiring the property be surveyed to make sure we have not encroached on any neighboring property. Having your property surveyed is always a good idea but seems to me it would have better to have it done before the house was built.
No worries here, the zoning head came out and checked to be sure everything was off the right of way and a lot over a half acre no problem. This is the same bank doing both loans so I just don't understand this or the fact they had someone come out and appraise the property about a week ago also. Jim.
We got a bridge/construction type loan so we could get our new modular built while selling the old home. Problem is the new home cost more than the old one sold for, it was a real nice home but real estate in illinois is not doing well for sellers. Now the stupid stuff for the new much smaller house loan, the bank not only wrote all the checks for the construction but also inspected everything before writing the checks. Now that we are getting a conventional loan for the remainder the bank is requiring the property be surveyed to make sure we have not encroached on any neighboring property. Having your property surveyed is always a good idea but seems to me it would have better to have it done before the house was built.
No worries here, the zoning head came out and checked to be sure everything was off the right of way and a lot over a half acre no problem. This is the same bank doing both loans so I just don't understand this or the fact they had someone come out and appraise the property about a week ago also. Jim.