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All Forum Posts by: Jacob King

Jacob King has started 1 posts and replied 4 times.

@Dov Finman

1000ft of dirt road is a non issue. Not only is that a short distance but it's a small " inconvenience " for the seclusion it appears you are offering. Most roads in the world are dirt. If it becomes an issue, get a grader out there and rock the thing.

Post: Escaing the Rat Race Question

Jacob KingPosted
  • Specialist
  • Posts 4
  • Votes 2

@Chris John

This is funny. Truly.

I hope everyone understands the sarcasm.

I've been informed that the extent of validity of the purchase agreement has lapsed (45 days)  and an addendum must be added to reflect the new interest rate.  Its a very unique and unusual real estate deal with many delays and variables due to red tape. Thanks for all the knowledge sharing!

HI I signed a purchase agreement for a home in Eureka, CA at the end of September 2021 that clearly states in section D, (loans) " this loan shall be at a  fixed rate not to exceed 3.5% ". Now today I received an email from the lender informing me that the interest rate has gone up to 4.75%. No warning.   The contract states that close of escrow shall occur 45 days after acceptance.  This never occurred.  How long is this valid for ?  The contract is between myself and a brokerage firm. Any advice or insight is greatly appreciated