And More Bad News

Well the tiny house dreams seem to be going up in flames.

First, on the title front. We have hired a real estate lawyer. He's working on it. The good news is, the person with the contract we have to get voided is NOT a murdered. He just happens to have the same name as a murderer. However, he is deceased. So you know, there's that. At least we aren't suing a murdered.

However, even when we get the title cleaned up, we are back to square one because the bank is refusing to fund our project because of the "uniqueness" of the property and the "undesirable" location (near train tracks and a busy street). I'm not sure where we will go from here. I suspect once we get the title cleaned up, we will have to look to local banks or programs affiliated with the revitalization of the city in hopes of getting funding. The house appraises over what we want to borrow. Our credit is stellar. But we can't get funding. Two hard-working, employed people who pay their taxes and have excellent credit can't get funding to build a house when people are defaulting on mortgages constantly? It's mind-boggling really.

Please send us your positive vibes. We need them.