Baymule
Herd Master
This is reminding me of when we bought our place. It was a HUD repo, the purchase/finance process was one of the worst experiences of my life. It was AWFUL. Vandals broke in the house, stripped copper wire from under the house, stole the inside furnace, the outside AC unit, ripped out the breaker box and copper wiring-to the tune of $10,000 in damages. You know what HUD knocked off the purchase price? A big, fat, gi-normous ONE THOUSAND FREAKIN' DOLLARS! 
I had a thread on TEG about all my mis-adventures, here's a couple of posts that might give you a laugh. Also know that no matter how horrible this is, don't quit, don't give up. You WILL get through this and the house will be YOURS.
From August 23, 2014;
Just for your amusement, I got an email from the lender last week wanting to know what were the taxes and insurance on our current home, and wanted the tax statement and insurance policy. And what did we plan on doing with our current house. I was immediately incensed and drafted a return email. I read it to DH and he cautioned me not to send it. For once, I agreed with him. Here it is.
This is in reference to a request by Blankety-Blank Loan asking what we intend to do with the home we currently reside in.
1. This home is paid for.
2. This home is fully insured.
3. This home’s taxes are paid and up to date.
4. We might sell it.
5. We might rent it.
6. It’s ours.
7. It’s PRIVATE PROPERTY.
8. What we do or do not do with the home we currently live in has nothing to do with the loan we are applying for.
9. Many people have multiple properties, what difference does it make?
10. Whether we sell it, rent it, or take a wrecking ball to it, it is ours, it is private property and we will do with it whatever we d**n well please.
I hope this answers your intrusive question.
I slept on it overnight and sent an email back politely asking why they needed such information. She responded that taxes and insurance were considered a liability that we had to pay and that we claimed it as our primary residence, once we closed, our new house would be our primary residence and law only allows one primary residence. OK, I guess that makes sense and I sent her a much nicer answer to the first email asking for the information. Here's the nicer version.
To Whom It May Concern,
This is in reference to the request by Blankety-Blank Loan asking what we intend to do with the home we currently reside in.
This home is paid for, taxes and insurance is paid and up to date. Until we are absolutely sure and certain that the home at ##### County Road #### Smalltown Texas is 1000% ours, signed, sealed, recorded, done deal, there is no way we will put our current residence up for sale. The possibility of us selling our current home and this deal blowing up to the moon would leave us homeless and that’s not happening. All our stuff won’t fit in a shopping cart.
After this loan is finalized and closed and we know the new home is ours, then we will put our current home up for sale.
Plus I faxed the last tax statement and insurance papers. Gheesh.
Keep my eye on the prize, keep my eye on the prize, keep my eye on the prize.....
From September 6, 2014
Well, the last day of the extension is Monday, Sept 8. And would ya'll believe we had to file yet ANOTHER extension??? There goes another $375, plus $20 to overnight it. So we have spent $1200 in extensions now. The appraiser we were waiting on took over a week to file his report while I watched sand running out of the hour glass.......time is going by......until it got to the point of being out of compliance to submit to HUD, which was on Thursday, the 4th. The real estate agent requested a report showing where the loan was at, paper wise, on Thursday morning so she could include it in her letter to HUD and it took all day for the lender to get that to her. Ummmm......do ya'll not understand overnight needs a little lead time? Once the post office closes, overnight doesn't mean much?They got the report she needed at the last possible moment for her to overnight it. I have gone beyond nail biting and am now chewing fingers....up to the knuckles now....
I think I started this thread out about everything going wrong..... We had the AC break down, DH's truck broke down, a tire blew on my moms car that necessitated buying a whole set, we spent thousands at a time when the last thing we need to do is spend money. We held our breath, hoping nothing else would go wrong.
Ha! A chunk was missing out of a tire on DH's truck, they were slick and Thursday, to the tire store I went. Only $1107.81!!!!
Will it ever stop??? Uhhhh.......NOPE! Somebody slammed on their brakes yesterday right in front of DH and he hit them. No damage to his truck, it poked a hole in their plastic bumper. Low impact, nobody hurt but you can't fix these crappy bumpers, so I am sure it will have to be replaced. Oh well, that's what insurance is for. 
We have had more go wrong in the past three months than in the past THREE YEARS!!!
Gheesh. When it rains, it pours, but this is ridiculous.
I guess the good news is, the paperwork has been submitted to underwriting. I think underwriting is a code word for torture. I am certain there will be more demands for more unreasonable confessions to crimes we never committed.
The new end-of-extension-date is September 23.
And this is the absolute last, final, no-more, it's over now extension.
From September 9, 2014
Lender called me today. The contractor bid to replace the breaker box, wire under the house, kitchen plumbing, AC unit and heating unit was too high. It seems HUD has different tiers of repair costs. The tier we are in is for $5 thousand or less, which is where we were before thieves ripped off the AC unit and heating unit. To write a contract for the true repair costs would put us in another "program" which basically means a whole different set of paperwork and more forms and more approvals and more pints of blood and more baby goats to sacrifice to the Great HUD Foreclosure God on the Alter of Stupidity.
She asked for the contractor to resubmit his bid with a very vague description and told me the price that would be ok by HUD. Whatever goes between us and the contractor, keep it to ourselves. OOO-KAY! I can do that! Gheesh.
I feel all warm and fuzzy knowing the high level of efficiency our gooberment offices operate at. I am especially delighted with the heaps of abuse, give a crap attitude toward the peons who "bother" them, the stifling rules and regulations that make sense maybe to a dead road-kill raccoon infested with maggots and it absolutely warms my little heart that our tax dollars and money borrowed from China goes to pay the salaries of incompetent, disinterested employees who are entitled to waste our time, cost us money and treat us like vermin to be stomped on.
From September 19, 2014
Got closing papers last night. Went to bank this morning for cashiers check. Checked email when I got home and there was a new set of closing papers. Naturally, the newer, improved, HUD approved, shinier, prettier, smellier papers had a different amount for Cash From Buyers, Line 303. It seems the wrong set of papers got sent to start with, followed by the corrected set of papers this morning. Back to the bank, got cashiers check for the difference...... yes it was more.
Well, would ya'll believe that I got yet a THIRD set of settlement papers?? And of course the amount was about $140 MORE? Of course you would, this whole thing has been a nightmare in a circus of vampire clowns pushing wheelbarrows loaded with grimacing goons masquerading as gooberment employees and loan officers whose night jobs are stand up comics.
In sheer frustration I sent the following to the title company,
Today at 3:02 PM
ARE YOU FREAKING KIDDING ME???? (beating head on wall) Just got back from the (*&&%$%$#%^^ bank AGAIN! I QUIT!!! I will pay the difference in cash. I'm throwing my computer in the dog's water tub and setting fire to my cell phone. See you Tuesday with TWO cashiers checks and a bucket of pennies.
From September 23, 2014
WE DID IT! WE SIGNED PAPERS! IT IS OURS!
(as long as we make the payments)
I had a thread on TEG about all my mis-adventures, here's a couple of posts that might give you a laugh. Also know that no matter how horrible this is, don't quit, don't give up. You WILL get through this and the house will be YOURS.
From August 23, 2014;
Just for your amusement, I got an email from the lender last week wanting to know what were the taxes and insurance on our current home, and wanted the tax statement and insurance policy. And what did we plan on doing with our current house. I was immediately incensed and drafted a return email. I read it to DH and he cautioned me not to send it. For once, I agreed with him. Here it is.
This is in reference to a request by Blankety-Blank Loan asking what we intend to do with the home we currently reside in.
1. This home is paid for.
2. This home is fully insured.
3. This home’s taxes are paid and up to date.
4. We might sell it.
5. We might rent it.
6. It’s ours.
7. It’s PRIVATE PROPERTY.
8. What we do or do not do with the home we currently live in has nothing to do with the loan we are applying for.
9. Many people have multiple properties, what difference does it make?
10. Whether we sell it, rent it, or take a wrecking ball to it, it is ours, it is private property and we will do with it whatever we d**n well please.
I hope this answers your intrusive question.
I slept on it overnight and sent an email back politely asking why they needed such information. She responded that taxes and insurance were considered a liability that we had to pay and that we claimed it as our primary residence, once we closed, our new house would be our primary residence and law only allows one primary residence. OK, I guess that makes sense and I sent her a much nicer answer to the first email asking for the information. Here's the nicer version.
To Whom It May Concern,
This is in reference to the request by Blankety-Blank Loan asking what we intend to do with the home we currently reside in.
This home is paid for, taxes and insurance is paid and up to date. Until we are absolutely sure and certain that the home at ##### County Road #### Smalltown Texas is 1000% ours, signed, sealed, recorded, done deal, there is no way we will put our current residence up for sale. The possibility of us selling our current home and this deal blowing up to the moon would leave us homeless and that’s not happening. All our stuff won’t fit in a shopping cart.
After this loan is finalized and closed and we know the new home is ours, then we will put our current home up for sale.
Plus I faxed the last tax statement and insurance papers. Gheesh.
Keep my eye on the prize, keep my eye on the prize, keep my eye on the prize.....
From September 6, 2014
Well, the last day of the extension is Monday, Sept 8. And would ya'll believe we had to file yet ANOTHER extension??? There goes another $375, plus $20 to overnight it. So we have spent $1200 in extensions now. The appraiser we were waiting on took over a week to file his report while I watched sand running out of the hour glass.......time is going by......until it got to the point of being out of compliance to submit to HUD, which was on Thursday, the 4th. The real estate agent requested a report showing where the loan was at, paper wise, on Thursday morning so she could include it in her letter to HUD and it took all day for the lender to get that to her. Ummmm......do ya'll not understand overnight needs a little lead time? Once the post office closes, overnight doesn't mean much?
They got the report she needed at the last possible moment for her to overnight it. I have gone beyond nail biting and am now chewing fingers....up to the knuckles now....I think I started this thread out about everything going wrong..... We had the AC break down, DH's truck broke down, a tire blew on my moms car that necessitated buying a whole set, we spent thousands at a time when the last thing we need to do is spend money. We held our breath, hoping nothing else would go wrong.
Ha! A chunk was missing out of a tire on DH's truck, they were slick and Thursday, to the tire store I went. Only $1107.81!!!!
Will it ever stop??? Uhhhh.......NOPE! Somebody slammed on their brakes yesterday right in front of DH and he hit them. No damage to his truck, it poked a hole in their plastic bumper. Low impact, nobody hurt but you can't fix these crappy bumpers, so I am sure it will have to be replaced. Oh well, that's what insurance is for. We have had more go wrong in the past three months than in the past THREE YEARS!!!
Gheesh. When it rains, it pours, but this is ridiculous.I guess the good news is, the paperwork has been submitted to underwriting. I think underwriting is a code word for torture. I am certain there will be more demands for more unreasonable confessions to crimes we never committed.
The new end-of-extension-date is September 23.
And this is the absolute last, final, no-more, it's over now extension. From September 9, 2014
Lender called me today. The contractor bid to replace the breaker box, wire under the house, kitchen plumbing, AC unit and heating unit was too high. It seems HUD has different tiers of repair costs. The tier we are in is for $5 thousand or less, which is where we were before thieves ripped off the AC unit and heating unit. To write a contract for the true repair costs would put us in another "program" which basically means a whole different set of paperwork and more forms and more approvals and more pints of blood and more baby goats to sacrifice to the Great HUD Foreclosure God on the Alter of Stupidity.
She asked for the contractor to resubmit his bid with a very vague description and told me the price that would be ok by HUD. Whatever goes between us and the contractor, keep it to ourselves. OOO-KAY! I can do that! Gheesh.
I feel all warm and fuzzy knowing the high level of efficiency our gooberment offices operate at. I am especially delighted with the heaps of abuse, give a crap attitude toward the peons who "bother" them, the stifling rules and regulations that make sense maybe to a dead road-kill raccoon infested with maggots and it absolutely warms my little heart that our tax dollars and money borrowed from China goes to pay the salaries of incompetent, disinterested employees who are entitled to waste our time, cost us money and treat us like vermin to be stomped on.
From September 19, 2014
Got closing papers last night. Went to bank this morning for cashiers check. Checked email when I got home and there was a new set of closing papers. Naturally, the newer, improved, HUD approved, shinier, prettier, smellier papers had a different amount for Cash From Buyers, Line 303.
It seems the wrong set of papers got sent to start with, followed by the corrected set of papers this morning. Back to the bank, got cashiers check for the difference...... yes it was more. Well, would ya'll believe that I got yet a THIRD set of settlement papers?? And of course the amount was about $140 MORE? Of course you would, this whole thing has been a nightmare in a circus of vampire clowns pushing wheelbarrows loaded with grimacing goons masquerading as gooberment employees and loan officers whose night jobs are stand up comics.
In sheer frustration I sent the following to the title company,
Today at 3:02 PM
ARE YOU FREAKING KIDDING ME???? (beating head on wall) Just got back from the (*&&%$%$#%^^ bank AGAIN! I QUIT!!! I will pay the difference in cash. I'm throwing my computer in the dog's water tub and setting fire to my cell phone. See you Tuesday with TWO cashiers checks and a bucket of pennies.
From September 23, 2014
WE DID IT! WE SIGNED PAPERS! IT IS OURS!
(as long as we make the payments)
wow. I hope you get it all figured out.
