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Old 12-08-2012, 03:03 PM   #31
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Hurricane Sandy got me


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Originally Posted by nadorp View Post
Well I just got a big fat check today! Let the rebuilding begin
Make sure you stick it in the bank for the specific purpose. And read some posts and threads on here already about the vultures descending on you. Real, known contractors will be busy so you may face a crap shoot. Be careful of those who have most certainly moved in after storms, have no references, and so forth. Live a bit uncomfortably if you can until good work can get to you!

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Old 12-08-2012, 05:12 PM   #32
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Hurricane Sandy got me


I know what you mean The check is made out to me and my mortgage co. so I have to send them the check and they give me $$ a little at a time (the only bummer)
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Old 12-08-2012, 09:12 PM   #33
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Hurricane Sandy got me


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I know what you mean The check is made out to me and my mortgage co. so I have to send them the check and they give me $$ a little at a time (the only bummer)
Lived in Ohio once. Helped build a Museum for Kids. I probably understand. But how do you hire decent contractors offering a bit at a time?

I needed a couple million committed. I ended up needing less but nobody thanked me. Not totally true, I got a plaque placed on the wall for donating $475K. I secured at least some loans.

Idjuts never thought a flood of the century would hit them. Second largest insurance brokerage capital in the World and the fools took know insurance, for $5 extra, for a facility along the river. The museum got flooded beyond repair. It moved to an extent. Plaques of those who built the original did not.

I came out alive but with nothing to show for the place but kids now aged that remember how cool it was. Lost one love of my life too. "Two Hours from Cincinnati" change our life as far as it could.

I guess I understand your trickle situation. What's holding you in Ohio? I cannot think of a one single state out of 48 and added protectorates I will never work or set foot in again but Ohio. Got a riverboat and long, strong chain? I could hook Ohio to California and when California falls into the ocean it will drag Ohio too.

Last edited by user1007; 12-08-2012 at 09:14 PM.
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Old 12-08-2012, 09:59 PM   #34
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Hurricane Sandy got me


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Originally Posted by sdsester View Post
But how do you hire decent contractors offering a bit at a time?

What's holding you in Ohio?
Very hard to get any contractor to wait to get paid.


My kids I share with my ex-wife and a job I will retire from with full pension in 8 years.
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Old 12-09-2012, 10:12 AM   #35
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Hurricane Sandy got me


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Originally Posted by nadorp View Post
Very hard to get any contractor to wait to get paid.


My kids I share with my ex-wife and a job I will retire from with full pension in 8 years.
Totally understand on both accounts.

I have heard of "vulture proofing" but not directly until you posted this. I certainly understand why and I hope, if you find a real, licensed contractor to do the work? The mortgage holder will let funds flow.

The mortgage holder must have to acknowledge the funds are there right? If you found a real contractor, willing to do the work? Seems to me a chunk pledged against a short term construction loan could work out if enough trickled to pay for materials, labor and subs. Screw the GC as people who worked for me often chanted! "Learn to eat cake Napolean!"

Just another hint. Have you talked at all with a real, licensed, mortgage broker? It would be a dramatic approach but if you are current on payments, have equity in the house, and the chunk to fix it up? Credit rating is reasonable? Move the money honey. Or at least threaten to do so.

Your local, community banker is no more, as you know. Real, licensed mortgage brokers shop for money deals for people like you every day. I would no longer think of my bank as a first approach to mortgage issues. I have been totally shocked a time or two to find it, or the ATM I deal with most, the mortgage holder at closing. I could never have gotten the deals myself though.

You can probably find a list online. Ohio State registries should have decent lists.

I hate hearing of people in your situation. It really is like hitting kittens or puppies with glasses or kicking a man when he is down.


Last edited by user1007; 12-09-2012 at 10:20 AM.
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