Thursday, May 15, 2008

Life wouldn't be the same....

without a little bit of drama!! On Tuesday I received an email from the bank.....about something that we didn't want to hear. The appraisal said that the house was in a flood zone. Keep in mind that we were told that the current owner doesn't have flood insurance and that there was paperwork stating that the house wasn't. To make matters worse, we were extremely nervous about the septic inspection. I didn't really sleep Tuesday night and I was a wreck all the way to the inspection. Luck was on our side though. The septic is in great condition and it's been pumped so at least we don't have to worry about it for 4-5 years! We also had the opportunity to meet the seller. You can tell that he really loves the house and is sad to see it go. He lives out on Cape Cod and his daughter just finished her first year of college so he needs the money for that reason. So last night I received a call from our attorney. He received paperwork from 2005 from a private survey that was done on the house that it isn't in a flood zone. The paperwork that the bank uses to determine in the flood zone isn't done on each individual property and it hasn't been updated in quite some time. The backyard is in the flood zone, but the house isn't. We were told by the homeowner that the people that had lived in the house previously were in the house from 1940-2005 and that the house had water in the basement once when the old bridge that spanned the river caused the ice to jam and the water flowed down the street. Since then, the bridge was raised and replaced and the house has never flooded. These are the type's of things that we want to hear. Obviously, with it being on the river, it's always a possibility. But we're hopeful that the bank will accept this paperwork and we won't need the flood insurance. Either way we still want the house, no matter what.

In other news, we decided to go on our vacation. When we received word from the bank about the flood insurance, my first instinct was to cancel. But.....we both need a break. We haven't been on a vacation since our honeymoon and we really want to take Lillian to Maine. We weren't planning on spending a lot of money when we first booked anyways, so we'll just stick to that plan. We don't need to bring back a bunch of crap with us, just a lot of great memories, and those tend to be free! We're going to make our own breakfast and lunch each day and eat out for dinner.....probably pizza a couple of nights at our favorite pizza place on the whole entire earth....Rosalie's......yum!

Anyways, I'm going to think positive about this whole flood insurance deal......what will be, will be!!!

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