Friday, October 16, 2009

So we didn't close on time...

Suprise, suprise. The horror stories people have heard about Bank of America Home Loans are true... we did not close last night. When I spoke to the processor yesterday, she even asked me "when was your contract date set to close?" And I was like "TODAY!" ... Then she throws out the cover-their-butt crap of oh, well FHA loans take anywhere from 45-60 days to close... so here we are... no house yet. One of the faculty in my office just bought her house not too long ago, and got an FHA loan, and her mortgage company worked very well to get it done in 30 days... B of A is very backed up and short staffed right now... but it's just frustrating, as I know we can qualify for this loan. Our house we're in now is sold on contract, it's not like we'll be making two payments, even though we could if we had to, so we can definately handle the new one. But she sent an email this morning- they now have what they needed, however the underwriters have to provide the final approval based on the conditions we provided, and apparently they need another 48 hours... so no painting this weekend, Adam won't get the cable run either... we might have to push everything back a week... painting, carpet, movers, our buyer moving in... everything was tightly scheduled based on the closing date. And our sellers are here from out of state, so I can promise you they are even less happy than we are. I'm just ready for it to end already... happily ever after...

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