(Closed) And the home search continues… Help!

posted 6 years ago in Home
Post # 3
Member
3671 posts
Sugar bee
  • Wedding: March 2011

I don’t really have a ton of advice but we’ve gone through a very frustrating process.  We put in our offer on a short sale in mid-January.  The sellers then took almost two weeks to respond because they were hoping for a better offer.  It’ll have been two weeks ago Friday that the original bank accepted the offer and sent it to the investor (again, the sellers took about a week and a half to sign the adjusted offer).  The investor can take anywhere from two to six weeks from what we were told and then we have to do the closing process.  So we’re definitely frustrated.  

It only adds to the frustration that I’ll be 31 weeks pregnant on Saturday.  Worst case scenario, if the investor takes the full six weeks and we need four weeks to close (hopefully we can get it down to three with the bank and our cooperation), then I’ll be 39 weeks when we close.  So I definitely understand the frustration but it looks like it’ll be worth it in the end (especially since it looks like we may get it for $28,000 less than asking with all of closing included). 

Post # 4
Member
76 posts
Worker bee
  • Wedding: March 2013

Hedgehog, I hear you. While not quite as frustrating as your situation (man I feel bad for the bank people that are soon to be murdered…), my Fiance and I are moving halfway across the country for work. We were told we’re being transferred last week…and are expected to buy a home and move before July 1. It’s more than a little bit scary and the banks so far have be unresponsive when I try to nail down details. Throw in the fact that we need to sell our current house before we can put a down payment on another one and I’m almost ready to kill someone too!

My best advice is to keep track of all the paperwork and respond as soon as anyone contacts you (bank, realtor, etc). If they don’t respond by the end of the day, call repeatedly until you speak with the person you’re trying to work with. Sometimes people who handle 50 mortgages/house selling/etc every day forget that we only do it once every few years and sometimes they need a little reminder that you’re on pins and needles waiting for responses!!

Good luck honey!

Post # 5
Member
3671 posts
Sugar bee
  • Wedding: March 2011

Also, does your agent call regularly to ask for updates?  Our agent would give us updates when he could (he called the selling agent often to talk about it) and if we were getting antsy, we’d shoot him an email and he would call for another update even if he had just given us one.  He has done a really good job staying on top of them and we’ve stayed on top of him too so we can get some sort of update.  Once someone at the bank is assigned the file it’ll be easier to get updates (it took a little while for us to get to that point). 

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