Some of you are familiar with my story of employment layoff, moving cross-country for a new job (that I love), and all of my financial woes as a result.
I’ve been in Virginia a year now, and living in an apartment that rents for more than both mortgages on my old house. I’m not able to make those mortgage payments, and I’m in hot water with my mortgage holders. I’ve had 2 other buyers walk on the deal before closing, which has not done me any good regulating my blood pressure and anxieties. However, I have buyer, and the deal has advanced to the point that it’s extremely difficult for anyone to back out. The object of my ire is the buyer’s mortgage company.
The offer came about 3 weeks ago, and the original deal placed closing on Friday the 8th. Fine with me, because I want the place sold and my mortgages paid off. I should have seen the light when they booked it for the 14th, without a firm time.
I took a week off of work to travel back to Indiana, at a time when I’m trying to prep my project for a design review. Loaded up the wife and all her shit, the dog, and we drove 15 hours to Indianapolis. Set up camp at a friend’s house for the week, and we waited.
We heard about all the problems. New circuit breakers; old termite damage that was represented as new, so we had to spring for a treatment; a missing spotlight under the eaves had to be capped off. OK, fine, those are FHA defects, and we fixed them.
The buyer wanted the carpet in the back rooms changed. Told them to stuff it, because that’s not an FHA defect and they agreed to buy as-is, but we sprang for a shampooing anyway. And a furnace cleaning. All this happened Wednesday, and we’re still hoping to close the next day.
We waited most of Thursday for our agent to say all is ready. He called, and said the buyer has a problem with his mortgage. An FHA mortgage requires 24 months of employment history, and the buyer had 23, so it’s not happening today.
Didn’t happen Friday, either. The mortgage company was not ready. My agent knew we were headed back home Sunday, so she had to scramble. She had the title company write up the deed transfer, which under Indiana law has to be signed by the property owner or a Power of Attorney recorded in the county property records. It therefore fell to us, and we set up a regular POA for my Mother in Law so she could finish everything else.
So I spent $300 in gas and other travel expenses, 30 hours of drive time, gave up a week of office time that I really needed, to travel to a fucking real estate closing that didn’t happen. And I still have to explain to my mortgage holders why they still haven’t been paid.
All of them can kiss my fat, hairy ass. I think the only reason I’m not wanted on interstate flight after shooting up the buyer’s mortgage company is the Indiana cops haven’t figured out I should be a suspect.
I think I’ll live in a tent from now on. Fuck’em all.
