The bank works on a draw schedule. 20% when foundation is in and decked, 40% when fully enclosed, 30% rough wiring, plumbing and complete heating is installed and 10% when 100% complete. You pay 8% interest per month on all the "draws" plus your monthly escrow for taxes, homeowners etc. When the house is complete it rolls into a conventional mortgage. The bank inspects before each draw is released. The draw checks are made out to us and then we sign them over to the builder (when we're ready [img]/forums/images/icons/grin.gif[/img] )

I have spoken with the bank and they need to remain impartial as far as the builders go. They can't get involved.

Well it looks like they will not get everything done before Monday. The site super said the asphalt guy is 3 weeks out. I said "then why didn't you call him 3 wks ago?

Oh and the walkway is fine says the super. When I asked if it was poured on 4-6" of compacted gravel the reply was "Its not going anywhere......"

This stinks.......more lawyer fees coming up.