Okay. The signed addendum has been faxed to my mortgage company.
Check.
Remaining problems / issues:
--Waiting a little while to call my lender and find out when he's emailing the loan docs to my escrow officer. Then I need to pin the title company down on when this will record, and then I need to call Joe and tell him I want the keys AT closing, not after we record.
--Actually, I need to make sure that the title company will still let us close at 11am tomorrow. She said we might not be able to if the loan docs don't arrive in a timely fashion... gah!
--Andrew thinks we can get the appliances delivered in the afternoon afterall... now we need to find out HOW late. Anything before 4pm I think is pushing it, if Joe won't agree to hand over the keys until we record.
My heart is beating about a million miles a minute right now... I'm alone in the office and there's nothing to distract me from the thought that I must have dropped the ball somewhere... or, worse, someone else did...
I just got off the phone with my mom. My family is coming down from Phoenix on Saturday to bring me all the junk that's been cluttering up their garage for 9+ months and to help move the crap from my apartment to the house. Yay! They're going to pick up my coffee table too, so that will be fun! My mom is great, talking to her calmed me down a little at least.
Thursday, February 22, 2007
A Little Good News
I just called my loan officer, who told me that we can probably just get this bad boy signed at closing. So that's good.
Last hurdle seems to be that I want Andrew's name on the property, even though only mine is on the mortgage (for now-- we're going to re-fi once we both improve our credit a little). My escrow officer told me that I'll have to get a letter from National Bank of Kansas faxed over approving it... not sure why...
I mean, if it's going to slow things down, then I have no problem owning my own house! But I would really prefer he be on there. We want joint tenancy with right of survivorship, that way if anything happens to one of us the other will not have to deal with trusts, weird inheritance issues, family disputes, etc. We recently signed the domestic partnership register here in the City of Tucson, so that seems to be the way to go.
UPDATE: I just got off the phone again with my loan officer... he says this will be no problem to have Andrew on the title. The only problem is that he has to come to the closing. This throws a serious wrench into our idea of having the appliances delivered tomorrow, but mayyyybe we can find someone to go wait at the house for us? Or something??? I guess Andrew will have to decided whether he would rather have his appliances on time, or be on the title to the house. His call!
Speaking of which, I'm still worried about the legalities and logistics of having just my name on the mortgage right now. My realtor went to law school, and keeps telling me we'll get some sort of protection written up for us to sign and have notarized... but so far, we haven't. Understandable, he's busy, but it's scary to think that if (god forbid) anything happened between me and Andrew and he walked out, I'd have a $1200 / month mortgage all on my own. Or that once he's on the title, he could claim have of the house even though right now only my money has gone into it.
And of course I do not think there's the slightest possibility this could happen. But I'm so tired of seeing women get screwed because they're too much in love to do the smart thing, they're too worried about looking bitchy / greedy / suspicious to get some protections for themselves. This is OUR house, but should "we" cease to exist, but bet your sweet ass I'm going to get my time and money's worth back out of it-- with interest haha.
Yesterday I signed and faxed back the Seller's Property Disclosure, but the Seller's agent has already lost it. Surprise surprise, he's lost just about every document we've ever sent him (including an HOA questionnaire which he MUST get back to us today but apparently has never heard of... idiot...). So I faxed it again.
If he ruins this closing date for me, he is in BIG trouble!! But I'm being nice right now, because I want him to give me the keys tonight... that way Andrew can wait at the house for his darn appliances while I'm signing closing papers.
I'M EXCITED!
(AND SCARED!)
Last hurdle seems to be that I want Andrew's name on the property, even though only mine is on the mortgage (for now-- we're going to re-fi once we both improve our credit a little). My escrow officer told me that I'll have to get a letter from National Bank of Kansas faxed over approving it... not sure why...
I mean, if it's going to slow things down, then I have no problem owning my own house! But I would really prefer he be on there. We want joint tenancy with right of survivorship, that way if anything happens to one of us the other will not have to deal with trusts, weird inheritance issues, family disputes, etc. We recently signed the domestic partnership register here in the City of Tucson, so that seems to be the way to go.
UPDATE: I just got off the phone again with my loan officer... he says this will be no problem to have Andrew on the title. The only problem is that he has to come to the closing. This throws a serious wrench into our idea of having the appliances delivered tomorrow, but mayyyybe we can find someone to go wait at the house for us? Or something??? I guess Andrew will have to decided whether he would rather have his appliances on time, or be on the title to the house. His call!
Speaking of which, I'm still worried about the legalities and logistics of having just my name on the mortgage right now. My realtor went to law school, and keeps telling me we'll get some sort of protection written up for us to sign and have notarized... but so far, we haven't. Understandable, he's busy, but it's scary to think that if (god forbid) anything happened between me and Andrew and he walked out, I'd have a $1200 / month mortgage all on my own. Or that once he's on the title, he could claim have of the house even though right now only my money has gone into it.
And of course I do not think there's the slightest possibility this could happen. But I'm so tired of seeing women get screwed because they're too much in love to do the smart thing, they're too worried about looking bitchy / greedy / suspicious to get some protections for themselves. This is OUR house, but should "we" cease to exist, but bet your sweet ass I'm going to get my time and money's worth back out of it-- with interest haha.
Yesterday I signed and faxed back the Seller's Property Disclosure, but the Seller's agent has already lost it. Surprise surprise, he's lost just about every document we've ever sent him (including an HOA questionnaire which he MUST get back to us today but apparently has never heard of... idiot...). So I faxed it again.
If he ruins this closing date for me, he is in BIG trouble!! But I'm being nice right now, because I want him to give me the keys tonight... that way Andrew can wait at the house for his darn appliances while I'm signing closing papers.
I'M EXCITED!
(AND SCARED!)
The Waiting Game
I'm feeling sick to my stomach from waiting to hear from my realtor... I want to know what's happening!!!
He said last night that we may be able to work this out with just a signed thing from me, maybe the seller won't even have to sign it... so that would most definately speed things along.
Which is good, because I found out last night that Andrew scheduled all of our new appliances to be delivered ON Friday!!!
...I wish someone had warned me that closing dates are never set in stone. Seriously. Isn't there a manual about this stuff??
He said last night that we may be able to work this out with just a signed thing from me, maybe the seller won't even have to sign it... so that would most definately speed things along.
Which is good, because I found out last night that Andrew scheduled all of our new appliances to be delivered ON Friday!!!
...I wish someone had warned me that closing dates are never set in stone. Seriously. Isn't there a manual about this stuff??
Wednesday, February 21, 2007
Contract Problems
Wouldn't you know it, not 10 minutes after my last post but I already have a headache to blog about.
So I'm walking back from the bank, I had just gotten my income verification, when I gave my realtor a call. He says, "We have one more hurdle to jump through with the contract."
Oh my god, my heart just sank!!
So I know that National Bank of Kansas won't give you "extra" money on your loan for home improvements, etc. I know this because I asked-- the one thing I HATE HATE HATE about the house is the master bath / closet sitch. You have to go into the (already a little cramped) master bath in order to access the closet. What? Who's idea was that?? What if Andrew is in the bathroom and I need to find shoes... or something??? Well anyway, I wanted to take off the doorframe from the closet door and patch that over w/ drywall, and then create like an arch or a cut-out or something from the bedroom itself into the closet.
But that's a story for another day (and a larger budget). The point is, NBK wouldn't fund my nonsense. So we had standard contract language that said "this includes any built-in speakers, blinds...." so on and so forth. But the new underwriter at NBK is being a TOTAL bureaucrat and won't approve the contract without an addendum stating that the price of the house was not inflated to get those things. What!
So now my realtor has to WRITE UP an addendum... get it to me... get it to the seller's agent (who is so awful, we're pretty sure he's on crack)... get the seller's agent to get it to the seller... get it faxed back... and hopefully get everything approved so that I can close at 11AM ON FRIDAY!!!
...Because I have appliances, couches and a kitchen table being delivered Saturday morning. Gah!!
So I'm walking back from the bank, I had just gotten my income verification, when I gave my realtor a call. He says, "We have one more hurdle to jump through with the contract."
Oh my god, my heart just sank!!
So I know that National Bank of Kansas won't give you "extra" money on your loan for home improvements, etc. I know this because I asked-- the one thing I HATE HATE HATE about the house is the master bath / closet sitch. You have to go into the (already a little cramped) master bath in order to access the closet. What? Who's idea was that?? What if Andrew is in the bathroom and I need to find shoes... or something??? Well anyway, I wanted to take off the doorframe from the closet door and patch that over w/ drywall, and then create like an arch or a cut-out or something from the bedroom itself into the closet.
But that's a story for another day (and a larger budget). The point is, NBK wouldn't fund my nonsense. So we had standard contract language that said "this includes any built-in speakers, blinds...." so on and so forth. But the new underwriter at NBK is being a TOTAL bureaucrat and won't approve the contract without an addendum stating that the price of the house was not inflated to get those things. What!
So now my realtor has to WRITE UP an addendum... get it to me... get it to the seller's agent (who is so awful, we're pretty sure he's on crack)... get the seller's agent to get it to the seller... get it faxed back... and hopefully get everything approved so that I can close at 11AM ON FRIDAY!!!
...Because I have appliances, couches and a kitchen table being delivered Saturday morning. Gah!!
Intoductory Post
Hello out there to all those people... NOT reading my blog.
So I'm just going to give a little background information on the sitch-to-date:
1. I'm 22 years old. I've always wanted to own my own home. Always.
2. I moved down to Tucson to work on a political campaign over the summer, and just ended up... staying here. My boyfriend and I are currently in a rink-a-dink 1 bedroom apartment we got, expecting it to be only for the duration of the campaign. It's awful!!! There have been weeks where I get 0 - 2 hours of sleep a night because it's just so damn loud. And I hate it!
3. Soo... our lease expires on Feb. 28, and we wanted to rent a house. But as we started looking, we realized that for just a hundred or so extra dollars a month, we could OWN the place!!
4. So that's what we're doing.
We bought a 3 bedroom, 2 bath townhome in a really cute part of town just west of downtown Tucson. It has a backyard, a huge living room, a dining room (we're actually going to own a table!!), and I HUGE kitchen! ...Well, huge relative to our current crapass one.
We got it for $165K, and I saw on some assessor's website that it was bought in 2006 for $173K-- the guy selling it took a loss on it because he really wanted to get rid of it before he started Pharmacy school.
I'm going to be 9 minutes from work, versus the 35 I currently have to drive.
I'm excited!!!
So I'm just going to give a little background information on the sitch-to-date:
1. I'm 22 years old. I've always wanted to own my own home. Always.
2. I moved down to Tucson to work on a political campaign over the summer, and just ended up... staying here. My boyfriend and I are currently in a rink-a-dink 1 bedroom apartment we got, expecting it to be only for the duration of the campaign. It's awful!!! There have been weeks where I get 0 - 2 hours of sleep a night because it's just so damn loud. And I hate it!
3. Soo... our lease expires on Feb. 28, and we wanted to rent a house. But as we started looking, we realized that for just a hundred or so extra dollars a month, we could OWN the place!!
4. So that's what we're doing.
We bought a 3 bedroom, 2 bath townhome in a really cute part of town just west of downtown Tucson. It has a backyard, a huge living room, a dining room (we're actually going to own a table!!), and I HUGE kitchen! ...Well, huge relative to our current crapass one.
We got it for $165K, and I saw on some assessor's website that it was bought in 2006 for $173K-- the guy selling it took a loss on it because he really wanted to get rid of it before he started Pharmacy school.
I'm going to be 9 minutes from work, versus the 35 I currently have to drive.
I'm excited!!!
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