I bought a house. With all of the PIA involving a mortgage, I considered paying cash, and had a thread on that topic. http://boards.straightdope.com/sdmb/showthread.php?t=313860
Well, I decided to put 30% down and finance the balance. I have gone through the title search, home inspection, termite tests, etc. Closing is today. I was told a few days ago what to bring to closing, including a bank check for a very specific amount. Just got off the phone with someone who tells me she will get back in touch with me “later today” with the amount to bring for closing.
WTF? My closing is at 3 pm today, and she will tell me “later today” what amount to bring?
So, my question. Why is a house closing different then a car purchase? I have walked into a car dealership, picked out a vehicle, and driven it home, all with a minimum of paperwork/hassle. And with a car the immediate depreciation is huge, yet I have purchased cars with a tiny down payment.