(no subject)

[semperfiona]

This is getting ridiculous. Today I learn from the lending agent I've
been working with on a home equity loan that they won't lend money on a
vacant house. But I don't want to live in the house while the bathrooms
are torn up, either.

Comments

[krasota.livejournal.com]

Friends of mine own a duplex. The tenants on one side are friends of ours. Anyhow, they knew there were some leak issues, so the landlord friends took out a loan to have *both* bathrooms fixed up. Everyone was excited.

It's been two weeks and there's still only one toilet for both sides (landlords AND tenants). Major repairwork has been done to the floors and walls and first floor ceilings. There's actually no wall between the two bathrooms right now.

Oy. It's not a pretty situation. We've offered up our bathroom (with fragrance restrictions). Our landlord friends have mostly been showering at the gym. There *is* a separate basement apartment and that tenant is a friend, so the other tenants have begged use of his bathroom.

The sad thing is, it's really good they didn't wait for a vacancy in the other unit. If they'd waited that long, the toilet upstairs might have ended up in the kitchen. Oy. Oy. Oy.

Good luck.

[lightning-rose.livejournal.com]

Go to a different lending agent. Lie.

[notshakespeare.livejournal.com]

This is why I know people that have used the credit card shuffle. You get the equity loan after the repairs to pay off the credit cards.

[semperfiona]

Yeah. Unfortunately, part of my credit problem is that my credit cards are nearly maxed out.

[ohari.livejournal.com]

The sad thing is, it's really good they didn't wait for a vacancy in the other unit. If they'd waited that long, the toilet upstairs might have ended up in the kitchen. Oy. Oy. Oy.
That's where we are at with Fi's house...the floor is rotting out from under the first floor bathroom, and it'll be in the basement before long....and the second floor bathroom has almost no water pressure due to eighty odd years of pipe crud. They're not HARD to fix, it won't take all that long, but there will be no water in the house for a week while it happens.

[mousefeathers.livejournal.com]

I think I'll second lightning_rose: you own the house, are gonna move back into it--list it as your residence, while you're currently hanging out with C & T until you can get it livable again. Or will they insist on an onsite appraisal? Could you move some stuff into it ahead of time, perhaps, to make it look as if you really do live there (verb tenses optional :-D )?

The current agent might be willing to try that angle, even.