Credit Cards Center Credit cards from our partners
Reply
Frequent Contributor
Posts: 491
Registered: ‎02-06-2012
0

Frustrated... Back to waiting

So we are supposed to close on the 10th. Then today I find out the builder has changed the date to the 15th, but hasn't told anyone but themselves... Here is what happened.

 

We are new construction so we were supposed to get the occupancy cert ordered (according to the superintendent) on Tuesday (yesterday). We were also trying to avoid having to do a 442 reinspect on the appraisal, so we listened to the super and postponed it until today, which happened at 9:00 am. Unfortunately, the house still isn't done. They are still missing some external columns and don't have the landscaping in yet...

 

I get an email this morning as part of a chain from my LO and processor from FMC. Can't get the clear to close until we get the cert. In the thread of the email, I see the builders paperwork person say that the final cert should come on the 10th with close on the 15th??? What??? When did that happen... Oh and let me add, our rate is locked until the 12th.... grrrrrr

 

FMC is known for being very slow. So now I am freaked out. I called our agent and he got on the phone with the builder trying to push it to the 7th or 8th. The final cert then goes to escrow who distributes it out to all who need it, including the lender... I then call my LO for FMC and talk to her about the process. She said Appraisal happened today and hopefully the did all the comp work upfront. I was under the impression that that is the end of the appraisal report. She said nope, it then goes to AMC who handles reviews for FHA, then if they agree, back to us and the LO....

 

Once FMC recieves the Appraisal and Cert, we will get the clear to close. Docs are prepared and sent to escrow who will then prepare paperwork for signing. If they get paperwork before noon, we should be able to sign and get them sent off same day, but if not, it will roll over to the next day. Then escrow files paperwork with the County and overnights it to FMC who then sits on the completed paperwork a full 24 hours before funding. She said she has never had them do it quicker....

 

So, back to waiting... It is all out of our control, but I'm so upset with the builder for the delay. grrrSmiley Mad  

 

Thank you for letting me vent... Soon enough, I will have a beer in my new home!!!

CLOSED ON OUR FIRST HOME MAY 30TH!!!


Starting Score: TU 589 EQ 526 EX603
Current Score: TU 635 EQ 603 EX ??
Goal Score: 750


Take the FICO Fitness Challenge

Frequent Contributor
Posts: 261
Registered: ‎09-15-2011
0

Re: Frustrated... Back to waiting

I am stressed from just reading all of that : (  I am sure it will all work out for you!  Just said a prayer : )


Starting Score: EQ 602 TU 624 as of 01/12/12
Current Score: EQ 648 TU 616 EX 649
Goal Score: anything over 620 I just want a house : ) **** We bought our home 06/01/2012!!!!!


Take the FICO Fitness Challenge
Frequent Contributor
Posts: 491
Registered: ‎02-06-2012
0

Re: Frustrated... Back to waiting

Thank you blessed!!! I really appreciate it!!

 

I know we have the house, I'm just tired of the waiting,.... Feels like it is one thing after another... Right hand doesn't know what the left is doing... But soon, soon, it will all be worth it...

 

I will now tell anyone buying a house is like child birth... Hurts like heck, but you soon forget the pain! lol Smiley Very Happy

CLOSED ON OUR FIRST HOME MAY 30TH!!!


Starting Score: TU 589 EQ 526 EX603
Current Score: TU 635 EQ 603 EX ??
Goal Score: 750


Take the FICO Fitness Challenge

Valued Contributor
Posts: 1,863
Registered: ‎09-20-2011
0

Re: Frustrated... Back to waiting

It's a stressful process no doubt.  Have you made sure the builder knows the importance of closing by the 12th? 

Established Contributor
Posts: 872
Registered: ‎10-16-2010
0

Re: Frustrated... Back to waiting


Catacam wrote:

Thank you blessed!!! I really appreciate it!!

 

I know we have the house, I'm just tired of the waiting,.... Feels like it is one thing after another... Right hand doesn't know what the left is doing... But soon, soon, it will all be worth it...

 

I will now tell anyone buying a house is like child birth... Hurts like heck, but you soon forget the pain! lol Smiley Very Happy


True statement! Smiley Happy


Starting Score: 760
Current Score: 716 Equifax 754 TU 736 Experian
Goal Score: 760
Established Contributor
Posts: 872
Registered: ‎10-16-2010
0

Re: Frustrated... Back to waiting


boomhower wrote:

It's a stressful process no doubt.  Have you made sure the builder knows the importance of closing by the 12th? 


Yes, May 12 is extremely important and the best day of the year no doubt. It also happens to be my birthday. Haha.


Starting Score: 760
Current Score: 716 Equifax 754 TU 736 Experian
Goal Score: 760
Frequent Contributor
Posts: 291
Registered: ‎02-25-2012
0

Re: Frustrated... Back to waiting

Good luck!

2/24 (Lender Pull) EQ 613, TU 553, EX 589
April EQ 633, My Fico TU 638, EX ??
Current EQ 643, TU 652, EX 633 (lender pull 5/11)
Goal (we made it!!)- Over 640 middle by 5/15
Frequent Contributor
Posts: 491
Registered: ‎02-06-2012
0

Re: Frustrated... Back to waiting

Yes Boom, we have. I swear if I could fire my agent now, I would. I will also add, NO more doing business with friends ever!!!  He seems to be working for the builder and us, and he is NOT a double agent... He keeps telling us to not tell the builder about the bad craftsmanship that we see and to let warranty handle it. Ummmm, NO... I get his point but I don't want to move all of my closets twice because they installed the wrong shelves. Do your dang job right, and frankly, I feel our agent needs to be fighting for us, not just moving along.

 

We did tell the builder and they are going to try. We know how slow FMC is (Shoot based on my score, I totally understand), so if they get cert next week, early in the week, we may be ok. LO also said that if the rate expires on the 12th (saturday), it will generally roll to Monday so she we should be ok.

 

I know I need to have patience, but it is so so hard...  Oh and I also found out that we will NOT have to pay to extend the lock, the builder will, so that is nice.

CLOSED ON OUR FIRST HOME MAY 30TH!!!


Starting Score: TU 589 EQ 526 EX603
Current Score: TU 635 EQ 603 EX ??
Goal Score: 750


Take the FICO Fitness Challenge

Blogger
Posts: 2,876
Registered: ‎02-02-2012
0

Re: Frustrated... Back to waiting


Catacam wrote:

He keeps telling us to not tell the builder about the bad craftsmanship that we see and to let warranty handle it. Ummmm, NO... I get his point but I don't want to move all of my closets twice because they installed the wrong shelves. Do your dang job right, and frankly, I feel our agent needs to be fighting for us, not just moving along.

 


 


This would drive the guy from Holmes on Homes absolutely bonkers. Good luck, Cata. I'm sure all of this will be a laughable memory soon.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Regular Contributor
Posts: 177
Registered: ‎12-16-2011
0

Re: Frustrated... Back to waiting

Hang in there, Cata. You've come so far! Too blessed to be stressed!

In my wallet:
Discover More / Chase Amazon / Chase Freedom /Chase Business Ink / Chase Slate / Capital One Cash Rewards / Walmart Discover / Kohls / JCPenny / Home Depot / Art Van

Experian Direct PLUS scores: Experian 744/ Equifax 763/ TU 744
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.