Monday, June 26, 2006

A Quick Review

There has been lots of activity down here on the legal and financial fronts, less so on the actual construction front, but I guess the first two really have to be resolved before the third can proceed, right? Here are the highlights:

1) OK, I've admitted before to some degree of insanity. Keep that in mind when reading that we are in the process of buying ANOTHER house in New Orleans. It's the house directly behind ours, and for a variety of reasons the owners (a couple in their 90's) are selling it for pretty much a song. It's a 50's split-level, smaller than our house, but structurally sound and needs a lot less work than ours does. The plan is to finish it out, live there for a few months while our house is being worked on, then keep it as a rental. We can pull out the fence between the yards and have a nice big garden.

2) We've been waiting for six months for the foundation contractor to elevate our house and replace the foundation. They're that busy. In the meantime we're talking to the architect and getting plans drawn up. This is totally the money-pit-cliche renovation that started out as a simple kitchen redo and has become a massive whole house project.

3) The insurance company hired a big-guns downtown firm to fight our little lawsuit about the agent forgetting to write our flood contents policy. We're in the right, of course, so we'll probably wind up with some kind of settlement, but it's been lots of excitement for our lawyer.

4) We've qualified for a ridiculously-low-interest loan for any repairs that exceed our insurance settlement. Further proof that if you work hard enough, there's really no limit to how much debt you can achieve.

I'll upload some pics later on.

3 Comments:

At 6:42 PM, Blogger nRT said...

this has been an unbelievable long ordeal. I do not know how you and your family has endured such stress.
i wish you the best

 
At 7:07 PM, Anonymous Anonymous said...

thanks for the update...I know it's not just me that has been worried/wondering what is going on. Good to hear that things are in a *somewhat* good place. Best of luck....

 
At 7:50 PM, Blogger Bitty said...

Glad to hear things are going...well, I guess as good as can be expected. The whole situation continues to boggle....

 

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