Friday, June 6, 2008

Finally, Some Progress

We finally have some progress to report. This was a busy day on the project front. Wow.

After receiving the paperwork from our lien holder regarding how to release a lien, I was bummed. Not only would the process take 4-6 weeks, not including our time to get everything arranged, but also cost us $500 for the processing and who knows how much in appraisals, etc. So, I called the mortgage broker who will be doing our new loan and she advised me that the current lien holder only needed to sign to acknowledge that they owned a lien on the property. In addition to that, she advised that we talk to someone in the local office. I called our lien holder's local office and the VP there will be able to sign - yea!!!

Miles also FINALLY got ahold of the President of the BWA. He signed our letter of intent with no problems or questions whatsoever.

Monday I will call our attorney and just verify that the President can sign and that the lien holder simply needs to state that they hold a current lien on the property. After that, I'll take the LOI over to the city and we should be good to go to hearing.

We have a meeting with the city on Tuesday where they are reviewing with all the property owners all the development opportunities and challenges along Kechter, Timberline and Trilby Roads who all face similar challenges. I really need to set up a consulting business for this! It is an all day workshop with the city. I'll be interested to see who shows up.

Miles also met with our builder today to discuss exactly where we want to put the house and find out what options we have with the ground water being so high. We may be OK, but we have some research to do. The builder is waiting for the plans, so I called our designer to see what was up. Turns out, he was waiting for us to give him the go ahead. Everything looked great, so we're good to go. He'll finalize plans and get them to the builder.

We met with the kitchen designer this week too. He showed us 3D models of his design. We made some minor tweaks and I think we like what we're seeing. He's going to make our suggested changes. We also made some changes to bathroom cabinets as well.

We think we want to go to another cabinet maker to see what kind of design they'll come up with. We might do that a little later, but we needed to get something in the works so that our builder had an idea of cost.

On Bluestem news, we had the inspector, staging consultant and appraiser all come today. Pretty extensive comments from the staging consultant, but nothing different than what I was thinking anyway, so I think we're on the same page. We do have a lot of work to do, but we'll just take one room at a time. It will be at least 3-4 weeks before we can get the house on the market anyway, so we've got a little time. We will have lots of packing and throwing to go.

The inspector came up with very little to do, so that was good. We also think the appraiser may come in with a higher square footage than what was disclosed when we bought the house, so that should be good.

Progress is good! Now I won't be able to sleep tonight because I'm excited that we are making some progress. At least that's better than not being able to sleep because we've got a long drawn out process with our neighbors and with our lien holder. That was the best news of the day!

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