Welcome to my Build a Home Series! These posts are to document the process of having our home built by a local builder in an existing subdivision. The update last week showed the new brick, our interior paint, and the start of our tile work. This week, I have more pictures for you and I am venting about title policy craziness.
So we are now in the middle of Week 23 of getting a home built and we only have about 2 weeks to go (supposedly). This is where finishing work is done and paperwork is wrapped up. All of the brick is done, the tile inside is done, and they have been adding fixtures. PLUS, the front door has been added AND the library shelves have been built! It is changing by leaps and bounds every few days now. Take a look!
Issues Being Resolved
We are still waiting for the dining room door to the kitchen to be switched to an archway. We also had to point out that there should be picture frame trim all along the back wall of the dining room too. There is still a nicked wire to be replaced and a small drywall repair to be made. Lastly, the cabinetry in the kitchen on one wall needs to be cut into to make room for the double oven. Overall, there is still 1-2 weeks of work left depending on how fast they really get going…
Stupid Title Policy
I have been trying to secure ourselves the best closing deal as possible by shopping around. Our current mortgage provider has been trying to keep our business every step of the way. They even have stepped up to the plate to cover our title policy costs since another lending company does the same thing with our builder. The tricky part is that our lender wants to use their own title company and our builder says that switching title companies is impossible. They only use Company A and that’s that. Well, I thought that was hinky and spoke to our lender. Our lender says it is downright illegal and called the builder last Friday to remind them of that…
The good news is that our lender will cover the title policy whether or not we end up using the builder’s title company. But the lender’s title company will waive about $400 in extra fees on top of the title policy and I want that. I just can’t help feel a bit blackmailed to use the builder’s preferred lender. I shouldn’t be forced to work with them just to get a title policy covered. In fact, even though I may have switched if the builder’s lender had lower fees overall, I am now angry enough to give my current lender a little more breathing room just because I am stubborn and do not like to be bullied.
Well, over the weekend, it worked out that Company A had already started the title work and would be owed money if we switched now, so the builder is covering the extra costs that occur above and beyond what Company A will cost compared to the company my lender wanted to use. Yay!
Big picture: We should be at the closing table in 2-3 weeks.
Have you ever had something as annoying as this pop up at the last minute?