The Things You Own End Up Owning You
March 09, 2006
Well nobody knows if I'm going to close on my house today. There's a massive snow storm happening right now and apparently the underwriter is snowed in somewhere and by the time she gets to her office it may be too late to close today. Stupid, right? I mean, you live in Utah. UTAH! We anticipate it can snow any day all day from October through May. We know it can happen and are ready to deal with it. I just don't understand why one person can hold up an entire deal because they're incompetent.
It seems to me that the real estate process in general needs some serious retooling. Throughout the last nine months that I've been looking for a place I've jumped over so many hurdles and through so many hoops that I'm thoroughly exausted from it at this point. So much of it is based on a few individuals opinions. But at the same time they require the buyer to provide proof after proof of documented income and debt. To give you an example, I provided current balances and balances averages for all of my accounts three times in the last month. Sure, my balances changed, but the averages stayed the same because it was all within the same month.
On top of that my credit score has dropped almost 40 points this month because of the four times they ran my credit. Four times! Credit scores aren't going to change that much in a month. Unless of course you run it several times.
Alright, I've taken a moment to cool off. I'm sorry, but I've been getting so frustrated I just needed to rant for a minute.
When I bought my house in Cedar, it was a seriously messed up and convoluted process. I figured that was just the way buying a home worked. But then I bought my house here in The Vegas and it was such an easy and smooth transaction. So then I figured that my last ordeal was just because Cedar was a small town and wasn't good at taking care of real estate business. After hearing your story, maybe all of Utah real estate is flawed.
I hope you got to close on your place today.
Posted by: Jill at March 9, 2006 07:40 PMI still haven't closed on my house, but my lender gave me a 100% guarantee that it will happen. So ...
Posted by: Neil at March 10, 2006 10:55 AM100% guarantee it will happen when? ;-)
Posted by: Jill at March 10, 2006 06:13 PMThat was a bad joke. These people make you sign contracts and stick to certain dates, but they can pretty much do whatever they want whenever they want.
Posted by: Neil at March 13, 2006 08:49 AM