Comments on: Murphy’s Law: Homeowners’ Edition http://talldarkandmysterious.ca/archives/2006/04/25/murphys-law-homeowners-edition/ Just your typical female vegan capitalist mathematician ceramicist cyclist's weblog. Fri, 12 May 2006 06:35:27 +0000 http://wordpress.org/?v=1.5 by: wolfa http://talldarkandmysterious.ca/archives/2006/04/25/murphys-law-homeowners-edition/#comment-35942 Tue, 25 Apr 2006 20:26:56 -0700 http://talldarkandmysterious.ca/archives/2006/04/25/murphys-law-homeowners-edition/#comment-35942 Oh, oh, oh. The evil semi family members (well, some of the large cast of evil extended family) reneged on selling their house 2 years ago. Court case has now ended, and they lost: they need to sell their house at the *two year old* price, while they need to buy something at the current prices (I do not know if the buyers had a place to sell or were renting). Don't renege when you sell your place! Getting a certified cheque cost me $5! I was so very pleased that it was not some number related to the (also five digit) cheque I had to have certified. Oh, oh, oh. The evil semi family members (well, some of the large cast of evil extended family) reneged on selling their house 2 years ago. Court case has now ended, and they lost: they need to sell their house at the *two year old* price, while they need to buy something at the current prices (I do not know if the buyers had a place to sell or were renting). Don’t renege when you sell your place!

Getting a certified cheque cost me $5! I was so very pleased that it was not some number related to the (also five digit) cheque I had to have certified.

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by: Wacky Hermit http://talldarkandmysterious.ca/archives/2006/04/25/murphys-law-homeowners-edition/#comment-35943 Wed, 26 Apr 2006 04:21:41 -0700 http://talldarkandmysterious.ca/archives/2006/04/25/murphys-law-homeowners-edition/#comment-35943 We just bought our first real estate last August, and if it weren't for the fact that this house has only three bedrooms and we have four kids, I would be perfectly content to never buy a house again. A week before we were to close on the house (and after the deadline whereby we could back out for lack of financing), our loan officer informed us that since she had "forgotten" to pass on a crucial piece of information to Underwriting, we had no loan. This crucial piece of information, by the way, was the very first sentence in my very first e-mail to her, so it's not like it was something we'd sprung on her at the last minute. For weeks I'd been calling her, saying "Do you have all the paperwork you need? Is everything on track?" and she'd assured me she had everything (this after asking us to re-fax over EVERY SINGLE DOCUMENT from two different states because Underwriting needed a copy and for some reason she couldn't hand our file to the xerox machine and walk the copies down the hall). So a week before closing, when we've got moving trucks and jobs and school all lined up, she springs this on us. She was able to find financing at the last minute for us, but we ended up with a mortgage payment that's more than what we'd pay for rent on a larger house than this, and we can't re-fi for two years without incurring a penalty. And after we'd called her and called her to see if she needed any more documents, and we'd told her that it was a two hour drive to the closing, she called us an hour before closing (when she knew we'd be on the road and unable to turn back) and asked us to bring additional documents. Fifteen minutes before closing she informed us that we needed our check to be a certified check. Fortunately there was a branch of our bank a few blocks from her office. There is a nice cozy spot in Hell for loan agents. We just bought our first real estate last August, and if it weren’t for the fact that this house has only three bedrooms and we have four kids, I would be perfectly content to never buy a house again. A week before we were to close on the house (and after the deadline whereby we could back out for lack of financing), our loan officer informed us that since she had “forgotten” to pass on a crucial piece of information to Underwriting, we had no loan. This crucial piece of information, by the way, was the very first sentence in my very first e-mail to her, so it’s not like it was something we’d sprung on her at the last minute. For weeks I’d been calling her, saying “Do you have all the paperwork you need? Is everything on track?” and she’d assured me she had everything (this after asking us to re-fax over EVERY SINGLE DOCUMENT from two different states because Underwriting needed a copy and for some reason she couldn’t hand our file to the xerox machine and walk the copies down the hall). So a week before closing, when we’ve got moving trucks and jobs and school all lined up, she springs this on us. She was able to find financing at the last minute for us, but we ended up with a mortgage payment that’s more than what we’d pay for rent on a larger house than this, and we can’t re-fi for two years without incurring a penalty. And after we’d called her and called her to see if she needed any more documents, and we’d told her that it was a two hour drive to the closing, she called us an hour before closing (when she knew we’d be on the road and unable to turn back) and asked us to bring additional documents. Fifteen minutes before closing she informed us that we needed our check to be a certified check. Fortunately there was a branch of our bank a few blocks from her office.

There is a nice cozy spot in Hell for loan agents.

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by: Nikita http://talldarkandmysterious.ca/archives/2006/04/25/murphys-law-homeowners-edition/#comment-35944 Wed, 26 Apr 2006 05:47:13 -0700 http://talldarkandmysterious.ca/archives/2006/04/25/murphys-law-homeowners-edition/#comment-35944 Ack! You're scaring me! Our real estate agent suggested that we stress to our mortgage broker that we need to have the funds available by our closing date, since apparently many of them have trouble grasping this concept. But they all tell me everything "should" be fine... Ack! You’re scaring me! Our real estate agent suggested that we stress to our mortgage broker that we need to have the funds available by our closing date, since apparently many of them have trouble grasping this concept. But they all tell me everything “should” be fine…

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by: Kurt http://talldarkandmysterious.ca/archives/2006/04/25/murphys-law-homeowners-edition/#comment-35945 Wed, 26 Apr 2006 06:11:33 -0700 http://talldarkandmysterious.ca/archives/2006/04/25/murphys-law-homeowners-edition/#comment-35945 Good luck with the closing, MS. By coincidence, we just closed on our new house yesterday. It sounds like you've got a little bit more beaurocracy to deal with up there than we folk south of the border. Down here, I get the feeling that lenders pretty much want to toss money at anyone who asks. Now all we have to do is sell our old place. If you know anyone looking for a home in Erie, PA, please send them our way. Good luck with the closing, MS. By coincidence, we just closed on our new house yesterday. It sounds like you’ve got a little bit more beaurocracy to deal with up there than we folk south of the border. Down here, I get the feeling that lenders pretty much want to toss money at anyone who asks.

Now all we have to do is sell our old place. If you know anyone looking for a home in Erie, PA, please send them our way.

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by: Kurt http://talldarkandmysterious.ca/archives/2006/04/25/murphys-law-homeowners-edition/#comment-35946 Wed, 26 Apr 2006 06:54:01 -0700 http://talldarkandmysterious.ca/archives/2006/04/25/murphys-law-homeowners-edition/#comment-35946 * bureaucracy * Ugh. I thought that didn't look right the way I had it spelled, but to be honest it's one of those words that doesn't look right when it's spelled correctly, either. This software should let us edit our silly mistakes out of our comments. * bureaucracy *

Ugh. I thought that didn’t look right the way I had it spelled, but to be honest it’s one of those words that doesn’t look right when it’s spelled correctly, either. This software should let us edit our silly mistakes out of our comments.

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by: Myrtle http://talldarkandmysterious.ca/archives/2006/04/25/murphys-law-homeowners-edition/#comment-35947 Wed, 26 Apr 2006 07:23:03 -0700 http://talldarkandmysterious.ca/archives/2006/04/25/murphys-law-homeowners-edition/#comment-35947 Closing on a house is more stressful than childbirth. All the people that you deal with are very casual about the mistakes that come up. I guess they deal with it every day and it's not a big deal to them. The people that I was closing with couldn't figure out a way to figure out how much $$# I needed to bring until two hours before I was to sign the final papers. Hey, what's $10,000 between friends? You know, we all have that laying around and can come up with it at a moment's notice. Closing on a house is more stressful than childbirth.

All the people that you deal with are very casual about the mistakes that come up. I guess they deal with it every day and it’s not a big deal to them. The people that I was closing with couldn’t figure out a way to figure out how much $$# I needed to bring until two hours before I was to sign the final papers. Hey, what’s $10,000 between friends? You know, we all have that laying around and can come up with it at a moment’s notice.

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