Tuesday, September 18, 2007
Extension On Construction Loan
Jeff, of Rammed Earth, notified me that he has asked the bank for a three month extension on my construction loan. As usual, I feel numb and angry and don't know where to turn. I'm sure I will have another sleepless night. Jeff's latest excuse has to do with the engineers who inspected the house. The engineers have finally submitted their paperwork to the city, but we have to wait for the city to review the work and submit a permit so that the final inspection can take place. Jeff believes the city will issue a certificate of occupancy next week. I've gotten my hopes up too many times to get excited. Although it has been over a year since construction started on my house, I'm still living in my friend's guest house. Currently, I'm paying him rent and will be sending the bank another hefty monthly payment on a loan for a house that sits empty down by the Santa Cruz River.
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1 comment:
Well written article.
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