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The insurance is getting messy. Our mortgage holder is now involved. They want to take the settlement and dole it out in small chunks, while monitoring the progress of the rebuild. Funny thing is I built the shop with money from our savings, and they did not finance it. But it is on a property they do hold the lien for. Sticky situation. We will see how it plays out when the check arrives. AAA put the mortgage company on the check as a cosignee. So I can't do anything without giving it to the mortgage company. I HATE RED TAPE!
The insurance is getting messy. Our mortgage holder is now involved. They want to take the settlement and dole it out in small chunks, while monitoring the progress of the rebuild. Funny thing is I built the shop with money from our savings, and they did not finance it. But it is on a property they do hold the lien for. Sticky situation. We will see how it plays out when the check arrives. AAA put the mortgage company on the check as a cosignee. So I can't do anything without giving it to the mortgage company. I HATE RED TAPE!
Erm, yeah..... That does seem like a bad idea to me. It's your property, your building, the mortgage company should have no say in your rebuild, just like they didn't have any in the original build. May wanna have a chat with a lawyer....
We are currently waiting on both the settlement review by our mortgage company, and the building permits. All of the requested documentation has been sent to the county and the mortgage company. Now we wait, The mortgage company says it takes 10 business days after receipt, and the county says 4 to 8 weeks for the building permits. We are going to run out of Fall at this rate! I was hoping to have shop 2.0 done by the end of the year, but it may not happen. I have a lot to do in the meantime, organizing and documenting my property claim. I am getting ready to give this old girl her last ride. Unfortunately it will be to the scrap yard.
I got a nice score on two 8 lug wheels today. Only two requirements - they were the right lug pattern, and they hold air. The left front and right rear that came on the truck are too rotted out to hold any air. This will bring the truck back to roller status. The used wheels are off a '95 Dodge Ram 2500. They even have good condition beauty rings on them. $100 for both wheels. I couldn't find used tires for that mount, let alone the mounting and balancing costs.
Here is your "Studebaker in the Sunrise" submission for the day (courtesy of my wife).
I am finally seeing some progress with all the red tape. The building permit is about half way through the process, and the first disbursement of the insurance settlement should be arriving today. With any luck, it should be only a matter of a week or two before we start to see new construction!
Here is your "Studebaker in the Sunrise" submission for the day (courtesy of my wife).
I am finally seeing some progress with all the red tape. The building permit is about half way through the process, and the first disbursement of the insurance settlement should be arriving today. With any luck, it should be only a matter of a week or two before we start to see new construction!