So....I've come out swinging and trudging full forward.
- I've contacted the life insurance company to request a name change form so I can switch from my old married name to my new married name and requested a surrender form. I asked the customer service rep how long the process takes and she said 20 days. Let the jumping through hoops for this aspect begin!
- I've contacted an insurance company that insures modular/manufactured homes and am jumping through their hoops. Lots and lots of questions, and additional questions too.
~ Has the roofing, electrical, plumbing, and heating been updated since 1990?
~ It doesn't look like there are any fire hydrants close to the Beryl home.
Is that correct? How far away is the fire department? Is there a water source
nearby?
~ Can the home be seen from at least two other dwellings?
I received the following email from the insurance company:
"It is hard to find companies that will write a rental home that far from the fire station, but I have found at least one. One company will write it as long as it can be seen by 2 other dwellings, which you said it could. Their only concern was whether the Beryl Fire Department would respond in a fire or if you might be too far away for them to come out. If they would come out, this is probably the best company we have to quote. They are a great company and have good coverage.
I have a second company that would write it, but may not offer liability depending on the animals you allow. If you allow horses, cows, goats, etc., they would not any landlord liability. I don't like the thought of your being without liability, but it is an option if we can't write elsewhere.
Sorry to be so inquisitive up front, but I would rather write it right than to have to rewrite because they won't accept it after we have it issued."
- Got the ball rolling with Wells Fargo. We're going to go for a pre-approved loan and I filled out the online application as well as answered a bunch of questions over the phone. She asked how I came up with the 20% down and I told her we sold off a bunch of stuff and raised monies. She was concerned whether the raised monies were gifts from family and/or friends. She said it would be a whole different ball game if it was. I told her we sold off stuff and took out two auto loans. I told her how much I hated doing that since the only debt we have is our homes. She said she'd look into a few things to see if it looked good and to not take the auto loans out yet, but I have to document and prove every deposit going into my checking account to prove that the monies were not gifts.
- I called my real estate agent, but she was with other clients and couldn't field a call so I've emailed her telling her that we are close to making an offer. I also sent a list of questions her way. She was also supposed to get me information on the water, mineral rights, etc, but she's been too busy to produce the stuff. I hope she sees us as serious clients and will start focusing on us or we'll have to look around for a new agent.
No comments:
Post a Comment