In the last month, the mortgage company we were working with was supposed to have our loan finished and we were supposed to close (our 3rd closing date) by the April 24th. We told them if they didn't, we would look for a different mortgage company. Well, the 24th rolled around and instead of closing they came back to us saying that we had "more conditions that needed to be met"-- meaning they were still working on our file and wanted more information from us which was supposed to be finished two months ago. The only thing that the mortgage company didn't have from us is our first born, which I think is what they wanted next. Flat out-- they weren't working on our file like they are supposed to, they were trying to take money from us, and they were lying to us, and asking us to give them more than what is needed.
We were told us that we will have the loan EVENTUALLY but we'd have to look for a different house. So, we told them that we'd look for a different mortgage company instead, which is exactly what we did and should have done a long time ago. It took this new mortgage company a week and a half from getting our names to signing papers at the title company vs. 3-4 months it took the other guys that STILL weren't finished with our loan. So... needless to say, we signed papers last week to get the house. We were told that the house is ours but we wouldn't be able to gain possession of the house until tomorrow, Monday. We have to wait for the seller to sign all the papers (they had a 48 hr limit that they had to finish by which was Friday night/Monday morning) and then send the papers to the county to record that we own the home now. Which is all to take place tomorrow. We're really excited!!!
We already moved our piano (a gorgeous 1930's mahogany Brambach baby grand) into the house and put ceiling fans with light fixtures in the rooms--shhh don't tell anyone. And we also already painted a good majority of the main floor and epoxy the garage floor (all a shh don't tell anyone) -- as that would be pre possession, which is not tolerated in real estate any more. Something can always come up and we might not get the house, but the sellers sounded positive that we'll get the house as they're just wanting it sold and off their books (it was bank owned). Hopefully that's true, as we've already invested quite a bit of money into this house.
Hopefully you will all come visit us some time! We'd love to see you!
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Congratulations. Glad the second mortgage company could work with you so quickly.
ReplyDeleteHope you move goes very smoothly. Have fun settling in.