Tomorrow is the big day! We turn the coach over to its new owner. 9:00 a.m. we will meet them at their bank, turn over the title and receive a cashier's check as payment in full. Then we will get on with finding the hotel and checking in. We're hoping to move into the condo on Friday, but we've experienced yet another hiccup this morning, and the move in may not happen until Monday.
I vividly remember now what a pain mortgage companies can be. You need a strict paper trail for them to follow. In other words, do not make cash deposits into your bank account, because you cannot prove where the money came from. What I don't understand is why so much emplasis and importance is put on credit scores, because, really, the super high credit score isn't buying you a darn thing. Does it not prove financal responsibility? Does it not tell the world you are NOT selling crack to schoolage children? Seriously, people that sell drugs don't even have bank accounts! It's ridiculous.
The hiccup in the process today is that the loan will probably not fund until sometime Friday. It could be 9 a.m., it could be 3:00 p.m. --Our problem is that we've scheduled a move in with the HOA for Friday at 9 a.m. - but the HOA will not turn over access cards or keys until a buyer's loan is funded and they have receipt of the Warranty Deed signed by the seller. Our lender is trying to get approval for funding on Thursday and will let me know by the end of business today. If he is unable to get the approval, we can't move until Monday, and that means 3 more days in the hotel, 3 more days of the UHaul rental and Henry will have to take another day off.
All the new regulations lenders have to comply with are only hurting those above the law. I'm sure Alfonzo Rodriquez and Mohammad Allah-Kabar are still able to buy above their means, and probably able to sign and move in on the same day. Don't want to offend them, you know.
It'll be fine either way, but just prolongs it a bit. The cocktails on the balcony may have to wait until Monday evening.
No comments:
Post a Comment