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mortgage update

January 31st, 2009 at 08:50 pm

Still no mortgage. I'm kind of talked out on this subject but lets see if I can gather some energy.

We are still in Florida. All the boxes are stacked around us. BB has been unemployed for 2 weeks now. I have had ebay shut down for 3 weeks now. We spend our days checking our email for news, watching T.V. and complaining.

Our purchase contract had us closing by Jan 20th. After Jan 20th we were given 7 days extension. Now, as of 4 days ago- the seller is available to take any other incoming offers on the house.

I don't know when we are closing. I don't know why we have not closed.

As you guys remember we were denied a mortgage by the first guy. He told me this on the 14th.

Same day I find a new broker who PROMISED he could get it done by the 20th. "What would you say if I told you I could get this done by the 20th? Would you be happy?" were his exact words.

And he did work day and night on the mortgage. On the 19th he calls me to tell me he ordered an appraisal and the company cant get an appraisal done for a few days. We are now looking at a Friday the 23rd closing. "Well- our movers are coming on Friday the 23rd so that will complicate things but we'll make it work." -I think to myself.

On Wed the 21st I call concerned because I don't know who to make the down payment check to. I also need to know how this closing will play out with me living out of state. They tell me "We're still waiting on paperwork, we are not closing on the 23rd. I am aiming for a closing by the end of the month."

So I call the movers and reschedule for Friday the 30th. I'm very disappointed by now and BB and I spent the last week bored and annoyed at life.

The following Wed I call to get the specifics of when we are closing. I am told: "we are still waiting on the appraisal that was completed last Wed. It has not been faxed to us yet." I call the appraisal company. THEY are still WAITING on the appraisal order to be resubmitted to them so they can complete the appraisal. They said they have emailed mortgage company 2x for the order. So each company wasted 5 DAYS waiting around for the other company to do something. I called and got the glitch fixed in 1 day...but alas- it was to late to get a Friday 30th closing.

I called the movers AGAIN to reschedule and they told me to NOT reschedule, just call them a day or two before I need them.

On Friday the 30th I called the broker who promised me the world and acted really offended and ticked off when I told him I also had another bank working on the mortgage. He was so offended that I halted the banks efforts way back around the 22nd of January. I asked him when we were closing because our purchase contract had run out, the seller is really aggravated with us, we have rescheduled movers TWICE, and that if I was in a rental/lease situation then I would be living in a hotel right now. He tells me "this is the natural time line it takes to process the mortgage. You are not in danger of being denied but even if you were Donald Trump himself you cannot speed this up. It always takes 12-15 days to qualify and be approved for a mortgage."

WHY DID HE NOT TELL ME THIS BEFORE??!!

All along he kept acting like closing was just around the corner. The bank we were working with told me they could close by the 30th and I canceled their efforts because this broker promised he could do it by the 20th.(then the 23rd..then the 30th..now who knows.)

I am frustrated and so so over this. BB and I had so much enthusiasm to get to Georgia and refinish the floors..we wanted to spackle and paint the walls...take the popcorn off the ceiling- and now I'm so OVER moving. I just want to get there, unpack and return to a normal routine where furniture is in it's proper place, clothes are hung in the closet, and dishes are in cabinets.

I am also OVER having no income. BB and I planned for unemployment to last 1 month. We had enough in savings to cover repairs and living expenses for about 4-5 weeks before we would need an income to start coming in. Now we have been hanging around here in FL unemployed using up electricity, gas, utilities and not getting anything done. Come February we'll be paying hefty FL bills and setting up our GA bills (deposits and all that).

Oh and here is a kicker: When Mortgage guy said we could close on time on the 20th I was so grateful that I told him we will go to Atlanta (where he and coincidentally, the seller, is located) if that will make the process easier. He told us it's unnecessary as he will overnight paperwork to us in FL to sign and do it that way. Well on the 30th I call him and get that "natural process" speech and he sums up by saying; "and I think it will be best if you guys come up here to Atlanta to close so we can meet face to face." Atlanta is over 7 hrs from where we live in FL. It's 4 hrs from our new house in Savannah. It would use up about 13 hrs of our time to close in Atlanta and cost us over $150 in gas (2 cars). Its fine to close in Atlanta if he produced a miracle..but aint no miracle going on right now so why am I being inconvienced MORE? You know why?? Because BB plays baseball. It is so aggravating when people learn that BB is a ball player because suddenly they stop what they are doing to talk baseball with BB. Our vet spends more time discussing SEC baseball than he does explaining what he is doing to our dog. Our TV repairman did the same thing. The mortgage guy requested to talk to BB 1 time and the whole conversation was about different minor league teams mortgage guy knows about. No mortgage information at all. Mortgage guy just wants to pal around with a ball player and is disguising it as a necessary step in the mortgage process.

AAARRRRGGGG!!!! Ok, bitchfest over. I know it will all be worth it in the end.

7 Responses to “mortgage update ”

  1. my english castle Says:

    Oh my word, what a nightmare.
    Wishing you the best--you have more patience and a longer fuse than I could ever have.

  2. gamecock43 Says:

    We have $1000 in earnest money and $1400 in appraisals, inspections, paperwork fees invested in this house already...otherwise I would have walked away long ago....and in the future- I am only going to work with/hire women. They will not be impressed with meeting a baseball player and the work will get done faster that way.

  3. Ima saver Says:

    I am so sorry, I feel your pain!!

  4. whitestripe Says:

    oh you poor thing i feel so bad for you. this whole process seems so drawn out and frustrating!
    maybe you could tell a white lie and say to the broker that BB can't come to atlanta and it will be'just' you - maybe then he'll reconsider inconveniencing you. i agree that must be so annoying.

  5. scfr Says:

    I know you feel frustrated, but I actually think you are doing GREAT considering all the run-around you've been through.

    Hang in there! Take that dog of yours on long walks and BREATHE.

  6. frugaltexan75 Says:

    gamecock, I'm so sorry the process is going so convoluted! I agree with scfr - take your dog and go for a walk - maybe even a run. I hope it all resolves soon.

  7. Koppur Says:

    Oh, what a mess. I'm so sorry you guys are being dangled around like this. It's so horrible when these people overuse their power and make other people suffer for it. *hugs* Hope it gets summed up quickly!

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