Misfitmorgan's Journal - That Summer Dust

[misfitmorgan]

They are certainly putting you through the wringer. So much for the American Dream being easily obtainable. Hang on, almost there.

No kidding, silly me I thought finding a house priced in our budget and saving enough for down payment was going to be the hard part.

 

[misfitmorgan]

Ok Bank got a hold of me today and said the underwriter refuses to look at the file until we have proof of funds for closing....100% of funds for closing which atm we dont have because we had to pay the lease off. We are $200 short of the full amount for closing which i will have on the 13th which is payday. But in the mean time they are telling me we may have to re-submit the package all over again....which would very likely push us over the 18th closing date.

 

[babsbag]

What if a friend were to loan you the money? Would that put their nickers in a twist? Would you have to document where you got the money?

 

[farmerjan]

If you can get someone to loan you the money, just say that you had to wrap the change that you save in a jar whenever you empty out your pockets. Say you forgot about the "quarter jar"you keep for spare change and here it is. Go to a bank that no one knows you and get rolls of quarters if you have to.

 

[Bruce]

We've gone over the loan from a friend thing. Not allowed. Family only and ONLY if their prior couple of bank statements show the money was there then, not just put in yesterday

Sorry @misfitmorgan, that underwriter is a Royal jackass whole. Does he/she have a manager? (Of course!) Can you talk to this person?? It is inconceivable and unacceptable that they are getting pissy about $200 when THEY forced you to blow AT LEAST $700 to pay the lease off early before they would do the loan. There must be SOMEBODY with a brain in the loan office.

 

[Baymule]

Good grief. I sooooo know where you are coming from. Just say thank you to our gooberment for treating us ALL like we are money laundering terrorists and for regulating the banks to the strangulation point.

I really like @farmerjan 's idea of the change bucket. I really, really like it! I think you should take $200 in a bucket, in all denominations of coins and make them count it. Farmerjan, what a genius idea!

Edited to add; make them put it in an escrow account to make sure the money will be there for closing. You sure don't want to lug all that change back home. LOL

 

[babsbag]

I like farmerjan's idea too...change jar sounds good to me.

 

[Bruce]

T-11

 

[CntryBoy777]

I sure know the laws have changed since '78, but I bought a FmHA foreclosed house with a FmHA loan. I was told at the closing that the government couldn't receive the escrow as the seller. They deducted the back expenses along with the closing costs and handed me a check for $711. If this holds true today with a HUD foreclosure, then couldn't they consider and count that as documented dollars to satisfy their ridiculous demands? I mean either they want the business or they don't....there is absolutely no reason for them to be "Squeezing the Balls" to such a degree. Tho, after spending all this time in the boat ya sure don't want to "Rock" it too much, but it sure doesn't endear ya to them for sure.

 

[misfitmorgan]

Definitely doesnt endear me to them. Going in other people told me they are a real pain to get a loan thru and i should have listened and just went straight to my credit union.

I got the lady who bought the pig to pay me yesterday even though the pig isnt done yet because they are doing a real cure on the hams instead of the quick chemical cure. So gotta put that in the bank as well as the check for our brush hog that we sold and then get them proof the funds are in there and send them a copy of the receipts and checks. Then hopefully all will be good.


T-11 seems scary. Still so much to do to pack!!!