At least for now, I am moving forward as if everything will workout, hopefully it will, but it may not…
So today I started all the paperwork for the loan and ordered the appraisal. I also found a plumber to go out and evaluate the problems on Wednesday morning. David will meet him since I can’t be there. At the same time David arranged for seismic (foundation) people to give us a second quote and to address the retaining wall issue. The plumber was recommended by Allen and Nigel, he is also a contractor so can help with some big picture stuff as well. It is a relief to have someone who did a good job for friends.
After I get the feedback/quotes on Wednesday we can begin the process of renegotiating. This is the place where this all could fall apart. Hopefully though it won’t. I have lots of loan paper work, disclosures and inspection reports to review over the next few days.
I know folks do this everyday, but it’s all brand new to me.