Misfitmorgan's Journal - That Summer Dust

[misfitmorgan]

What a bunch of butts.

It's not fair i should have to pay for a new appraisal so i am expecting them to pay for it or reimburse me since they are the ones who picked the appraisal company to use.

 

[babsbag]

It's funny how they are all worried about you having enough money for closing but they sure don't mind making you spend it.

 

[misfitmorgan]

I know I was thinking the same thing!!

 

[Baymule]

It's almost like they stay up all night thinking of new ways they can screw you over the next day. Hang in there, this is high stress but you will come out the winner.

 

[Bruce]

T-6

 

[misfitmorgan]

Talked to the loan officer. I cant just pay for and have them order a new appraisal because the appraisal has to be ok'ed first or it won't be accepted by the underwriter and Fannie Mae.

It gets worse.

Scenario 1
If they ok the new appraisal I have to wait for it ot be done and then wait for the rest of the steps to follow meaning we are almost assured to go over the new closing date of the 27th but by how far i dont know.

Scenario 2
If they do not ok a new appraisal, we will be denied the loan. Which is BS because it is in no way our fault the appraisal got messed up. He said he could ask the regional manager to approve chemical bank themsevles to caryy the loan but it is rare and usually requires 20% down which we dont have....(because we had to pay the car lease off )

So do i run over to the CU and submit the other paperwork they need and continue the loan process there knowing that chemical might still come thru with an approval for the appraisal and funding? I did submit the initial paperwork but held off on the fee for running my credit so the loan is stalled out at that point for a max of 30 days....because i am trying so hard to avoid any more hard inquiries.

I dont know what to do, i am freaking out so badly right now i just wanna go home and sleep for days and forget the mess my life has now become. Everything depends on this house and getting this loan thru.

 

[babsbag]

Talk about stress...I can understand wanting to hide your head in a pillow and forget about this. I would pay the credit check and move forward with the CU. Tell them what you have been through and why all the checks, I know when we were loan shopping they took that into consideration. You might even be able to put an explanation on your credit report yourself.

Who was it that didn't want you to use FHA?

 

[promiseacres]

I agree, try the cu

 

[Bruce]

Tell the current bank you are giving SERIOUS thought to going through the CU now. Make sure they understand that if you do so it is because THEY screwed you. They get NO money if they don't make the loan right? How much are they willing to write off all the work they have done so far?

And I'm not suggesting you do this as a bluff. Check in with the CU at the same time. And yes, make sure the loan officer at the CU has the whole story of your mistreatment by the bank. Would THEY have made you find "market value" for the animals you sold????

 

[CntryBoy777]

Well, the "Bottom-line" is getting A loan to buy the house and property.....so, the first one to put $$$ on the "Barrel" is the one I'm looking for.....if 1 wants to "P*ss Away" business, then I won't stand in the way of them doing so....also, if it is a HUD foreclosure and they are trying to close the loan and hand it over to Fannie or Freddy, then that is another gov't entity.....so, while waiting on them to make a decision, ya liable to be in a rocking chair. Yeh....I'd go to the CU....