Sounds fishy

Post #98,053 by tuberculosis 4/22/03 9:09:19 PM Reply	Sounds fishy Do you really want to rebuild? Or do you just want to end up with your equity so you can move on? I'd be happy with the bank's plus my equity covered so we can all just walk away (after selling the lot or getting a new mortgage to construct a new house at prevailing rates - which would leave you right where you are now - having a house with a mortgage. "Packed like lemmings into shiny metal boxes. Contestants in a suicidal race." - Synchronicity II - The Police
Post #98,103 by kmself 4/22/03 11:02:23 PM Reply	I'm thirding this Check with an independent authority on this. [link\|http://www.nolo.com/\|Nolo Press] is a good source, likewise a friend in real estate or contracting / construction. --\r\n Karsten M. Self [link\|mailto:kmself@ix.netcom.com\|kmself@ix.netcom.com]\r\n [link\|http://kmself.home.netcom.com/\|http://kmself.home.netcom.com/]\r\n What part of "gestalt" don't you understand?\r\n [link\|http://twiki.iwethey.org/twiki/bin/view/Main/\|TWikIWETHEY] -- an experiment in collective intelligence. Stupidity. Whatever.\r\n \r\n Keep software free. Oppose the CBDTPA. Kill S.2048 dead.\r\n[link\|http://www.eff.org/alerts/20020322_eff_cbdtpa_alert.html\|http://www.eff.org/alerts/20020322_eff_cbdtpa_alert.html]\r\n
Post #98,135 by cwbrenn 4/23/03 6:56:57 AM Reply	my brother's father-in-law is in real estate and he says this happens to people who own older houses quite a lot. There is a light at the end of the tunnel... the underwriters for USAA insisted that they send their own guys out to inspect the property, after we move in, to see if the've over-insured the house. If the light at the end of the tunnel is an oncoming train, then they decide "No, this house is worth MORE" and they raise our rates. On the other hand, they might say "No, this house is not worth 465K," and lower them. Meanwhile, today I make one more call, to see if I can get Allstate to shed any light on this. "We are all born originals -- why is it so many of us die copies?" - Edward Young
Post #98,105 by boxley 4/22/03 11:04:00 PM Reply	call state farm other mainline folks You might need replacement cost, same sq footage and rooms not rebuilding the same. Some folks want the black walnut replaced and get pissed at their insurers if they dont get it. Others are happy with vineer. Shop around. thanx, bill will work for cash and other incentives [link\|http://home.tampabay.rr.com/boxley/resume/Resume.html\|skill set] questions, help? [link\|mailto:pappas@catholic.org\|email pappas at catholic.org] Carpe Dieu
Post #98,131 by cwbrenn 4/23/03 6:49:51 AM Reply	State Farm gave me same spiel damn their eyes. :) Both USAA and State Farm flatly refuse to "under-insure" the house. Me: But if I need to rebuild, I'm not going to have plaster walls. I'm going to have sheet rock walls, and PAINT IT. Them: We know, but we have to insure it to the full value. Me: But my mortgage company says the full value of the house, to rebuild new, is $235K. Them: But the true cost to rebuild from original materials is much higher thant hat. Me: ... Them: Will you be paying by Visa or MasterCard? I'm on the ropes here, because I have to provide homeowners insurance within 5 days of closing, and I have 3 days left before those 5 days are up. "We are all born originals -- why is it so many of us die copies?" - Edward Young

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