Warning: Epic Story of Frustration Ahead
Proceed at your own risk.
Rewind back to February, and you would see me growing annoyed with my wife's incessant hints to begin looking for a house. I am reluctant to find a permanant home due to all of the job stability issues we have had recently. "Fine!" I finally cave one night. I figured that she couldn't possibly find anything in this economy, and in the dead of winter.
Remind me to never doubt her abilities again.
Within just a few days, my hands were full of papers, each picked up from local - and some not so local - houses that were all for sale. There is no way we can afford any of them, so I just smile and nod as she tells me about them. Little did I know that she was only doing recon of the enemy's forces.
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"My dad's friend is a realtor; maybe he could help us," she tells me some time later. What the hell; it couldn't hurt to have him tell her we can't afford anything either. Fast-forward to April, and we have not only learned that we CAN afford a house (albeit, a modest one), but that there are hundreds of domiciles for sale in our city alone. Most don't fit our criteria (the house stands on its own, its not infested, it has at least one working bathroom, the floor isn't dirt, etc.), but that doesn't stop my wife and our realtor. Noooooo. Maura's memory not-withstanding, I'm sure we looked at around seventy houses.
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By this time, I had already used Lending Tree to find competing loan officers. We settle with National Home Lending, and a honest-sounding guy by the name of Jeff. We square away what we can possibly afford, and continue to press on.
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A few false-starts later, we walk into a house just three miles away of our current abode. "It's perfect," my wife states, and I can'tdisagree. It's a beautiful split-level house (and I hate split-level houses) with little that needs repairing, new appliances (refrigerator, dishwasher, washing machine, dryer, vanity and sink),a separate bathroom for the girls, and an office for me, all at a ridiculously low price. We overbid. A week later wediscover we've out-bid the three other people vying for this house.The house wason the market for forty eight hours. This is in June, mind you.
Of course there's a catch: the house is a short-sale. And the owners have already moved, leaving their barely-coherent, semi-English speaking realtor with the power of attorney to sell the house. So not only do we have to obtain his signature, but we have to get the approval of the past-owner's bank as well. Days go by. Weeks go by. A month or so later, we get the verbal answer. Another month later, the official paperwork arrives. It's a standard letter with two initials and a signature. We had to wait months for THIS to be completed? Note: I blogged about the house here, and true to form, indeed jinxed us.
Currently, things are finally coming together. Shopping for a lender, submitting our infrmation to underwriting, meeting the underwriter's conditions (sending in tax documents, explaining large deposits, etc.), we finally should have our mortgage done by this Friday. With luck, we may be closing next Wednesday, Thursday or Friday. Phew!
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