(Closed) Stuck in house-buying purgatory :(

posted 5 years ago in Home
Post # 4
Member
4583 posts
Honey bee
  • Wedding: October 2011

I don’t know what it’s like to be in mortgage purgatory but I do know what it’s like to be stuck in a house you hate with an underwater mortgage that you can’t get out of. At least you’re close to getting a house you actually want to live in! 🙂

Post # 6
Member
1612 posts
Bumble bee
  • Wedding: June 2012

Your home buying experience sounds exaclty like mine!  Our orginal processor was out of down, and the people she left it with really didn’t seem to know what she was doing and didn’t ask or do things until the last minuted, and some of the things they needed they had previously told us not to worry about.  They just keep giving us conflicting information.  It was so stressful!  Our closing was delayed a week and a half, and my husband and I were constantly trying to get things together and do our jobs.  It was such a pain!  And because of all of these issues, we almost lost our house.  Luckly we complained enough, and the orginal processor came back so it finally went through, and we were able to close, so I can say that it does end.  

Post # 7
Member
160 posts
Blushing bee
  • Wedding: October 2012

I feel like everyone’s home buying experience goes through “slowness with the bank” .. what is it with banks?!  Our underwriting took foreeeeverrr.. we didn’t end up closing on our house until two months after our original closing date!  Hang in there, everything will work out in the end

Post # 9
Member
461 posts
Helper bee
  • Wedding: July 2013

I wish I had some great advice but I am right there with you, except if we don’t close in a week, we lose the house and $$$$$ that we had to put down in earnst. We met with our mortgage guy today who basically said it was his fault cause he dragged his feet for two weeks. And now he is not entirely certain we can close in the time frame we are given. Who knew that closing on a house could be so stressful?

Post # 11
Member
11234 posts
Sugar Beekeeper
  • Wedding: August 2013

When I bought my car, the underwriter for my loan took so freaking long. The guys ended up staying past closing almost two hours because of it, and the guy didn’t even get it done. I know that’s not the same, but ah well.

In the mean time, if there’s anything you want to fix/replace/upgrade, start picking it out! When we find home listings that we like, I make a list of things I want to change and search the Home Depot website for new whatever, pick paint colors, etc.

Post # 13
Member
1612 posts
Bumble bee
  • Wedding: June 2012

@Maggie89:  Our’s ended up being a priority file too because of all the mistakes, and after that it only took a day or two at the most… I can’t remember.  I bet you are in the home stretch.

Post # 15
Member
1309 posts
Bumble bee
  • Wedding: December 2011

From one Maggie to another,

We technically met our closing date… but it was literally down to the wire and our agent physically took the papers after we closed and drove them 45 minutes downtown to be filed with the county before the office closed. With us it wasn’t so much the loan company as the TITLE COMPANY FROM HELL that the seller insisted on using. The title company rep at our closing was really nice but man oh man. I didn’t like her company. We were going to be on the hook for another $850 in rent if they didn’t get it done! Which in the scheme of things is not that much, but I was going bonkers. We had boxes everywhere and I couldn’t bear the thought of possibly having to unpack a box to get more plates out so we could eat off of them.

I hope yours gets fixed soon!!!! move underwriter, move!

Post # 16
Member
2398 posts
Buzzing bee
  • Wedding: April 2012

We did! When it came time to give them a cashiers check for the rest of the down payment, we where about 60 dollars or so short so we cashed in all our change to help. 

Well when we turned the cashiers check in, the notice that it was more than what our last bank statement showed and they put the closing on hold until we could proof where that extra cash came from. I could not beleive it, I was pissed. We asked for weeks if they could give us a total so we can make sure we had enough and they didnt tell us until the day it was due. 

Finally they beleived our story and continued with the closing. It is so annoying, They want to know where every single penny comes from. 

I hope you get your house soon. 

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