Credit Cards Center Credit cards from our partners
Posts: 14
Registered: ‎07-27-2012

My Homebuying Journey coming close to the end......

Hi everyone I have been the message board almost everyday since I started home searching. I have been learning new things everyday.


I wanted to share my story from the beginning. I will try to keep it short as possible.


I started back in Feb 2012 just browsing online. In April  I got a call from a realtor who got my number from online. He talked to me and gave me a number to a lender. I called them and they did the standard procedures... Ran credit and told me what I was pre- qualified for. I started to house shop how exciting :-) Saw a house put an offer on it. I got outbid :-(....My realtor was saying I told you to bid higher..Didn't like the attitude he was could I bid higher and the house needed work and I was using a 203k. My sister and I didn't like him so we drop him. But I was still using the mortgage company he gave me so I felt awkward telling the lender im not working with your friend anymore. He didn't mind. So I moved on found another realtor. We found another house:-) but it was a short sale :-( We made a offer and it was accepted by the seller, now we just need the bank approval. A week later they found out they have liens on the property :-( They said they needed to pay it off first don't know how long that would take. So I decided to walk away because I found another house :-) :-) No short sale or a foreclosure. Its an estate sale!!!!!!!!


Made an offer seller accepted my offer of 110,000 w/ 3,000 in closing cost. And 500 home warranty :-) Did inspection everything was good except for the roof need a new one :-( seller would not fix it. So I asked for more closing money in closing. They agreed to 5,000 toward closing. My appraisal came back  17,000 over the asking price. :-) Now they are processing my loan b4 I go into underwriting. My processor told me I should wait to go to underwriting for another 3 weeks because it would make one year since my last late payment on my credit report. Because FHA does not want any late payments for a year. I said OK  I'll let my realtor know. Told my realtor....She said no I don't think they would wait three weeks for me to go to underwriting. She said, that's pass the date your suppose to have your commitment letter in. I told my processor to just send my file to underwriting (what was I thinking). My file came back denied. They told me it has to be approved by the mortgage committee.... OK than....,my file was sent to the mortgage committee...I passed the date to have the commitment later.My lawyer requested an I thought they were going to say no.....I should have smack my realtor.....The mortgage commmitte  said no..I was to high risk....but they would consider if I put down 10%.....10% I don't have that much money.....So processor said just try to see what they say.... So I had to ask for another extension...They seller said yes. (while IM going through this with bank, my lawyer and the seller lawyers are having  arguments..They are not getting along at all...I want to pull my hair out..Their lawyer no longer want to work with usand told the seller realtor to put the house back on the market....WHHHHHHAATTTTTTTTT!!!!! I had to stop this madness I wanted to cry I couldn't believe this was happening.)

To keep it short I didn't get that house. :-(


I went back to the short sale it see what was going on the house was not on market any more. I ask my realtor to ask their realtor are they still trying to sell. I was willing to wait and save up more money after all that just happen. Well come to find out seller owes 15,000 in taxes and would like the buyer to pay it and he would ask for much less for the house. Is he crazy...he want me to pay 15,000 of his taxes and not get a for sure answer on if I will get this short sale.....I ran as fast as I could.


Looked at 15 more houses nothing. And found another lender to go through.


FInally found one :-) but it is a short sale :-(  Me and the seller finally agreed on a price... Did an inspection and there is mold in the crawlspace because of the slop on the side of the house where the water is getting in at and other problems as well. So I moved on ;-(


looked at more houses.


Looked outside of the neighborhood I was interested in to one neighborhood over.


Found ONE!!!!!!!!!!!!


Put in an offer they accepted it, inspection did good, appraisal did good.


Went into underwriting........had some conditions I needed to meet....I met them.....


Now back into final underwriting........hoping to hear the magic words....YOU ARE APPROVED AND ARE CLEAR TO CLOSE.


Please pray for me  :-) :-)

Regular Contributor
Posts: 226
Registered: ‎05-24-2012

Re: My Homebuying Journey coming close to the end......

Good luck to you! Sounds like you have been through a ton and I hope you get to hear those magical words!

Regular Contributor
Posts: 133
Registered: ‎03-29-2009

Re: My Homebuying Journey coming close to the end......

Good Luck! I am in underwriting as well and am freaking out....

Valued Contributor
Posts: 2,789
Registered: ‎10-10-2012

Re: My Homebuying Journey coming close to the end......

Hope for the best! Keep us posted! Smiley Happy

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 816 EX 780 TU 823
App free since 4/11/13
Posts: 111
Registered: ‎02-05-2012

Re: My Homebuying Journey coming close to the end......

It's just like having a baby. Once u hear cleared to close, u forget about all the stress and tears. Good luck!!! Let us know how it goes.

Starting Score: 595 2/5/12
Current Score: 650 midscore lender pull 7/24/12
Goal Score: 640

Take the FICO Fitness Challenge
Valued Contributor
Posts: 1,115
Registered: ‎10-31-2011

Re: My Homebuying Journey coming close to the end......

WOW you are a trooper congrats
Valued Member
Posts: 47
Registered: ‎10-11-2012

Re: My Homebuying Journey coming close to the end......

Mike mom:

Hoping for the best. Keep the updates coming!


Starting Score: 9/2012 - 609
Current Score: 11/9/2012 TU 620 11/9/2012 EQ 591
Goal Score: 700

Take the FICO Fitness Challenge

Posts: 14
Registered: ‎07-27-2012

Re: My Homebuying Journey coming close to the end......

Hey guys the bank want the sellers to fix some  things that came up on the appraisal some paint chipping that cost around 300 to fix.  The thing is we are insure if the seller will fix it because fifth third bank is the power of attorney of the house. Everyone around me say the wont fix it because they don't have time and its not their! So this is the only  thing that's stoping me so hopefully they would fix this  soon

Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011

Re: My Homebuying Journey coming close to the end......

By all means go grab a bucket of paint and fix it yourself. This is allowed....

My inspection came back and said that the deck on my house needed to be on concrete blocks so my dad and I went out with some hydraulic jacks and cut off the deck supports and put in new concrete blocks.

300 bucks is such a small amount to lose a house over.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!

Take the myFICO Fitness Challenge
Senior Contributor
Posts: 3,889
Registered: ‎05-24-2011

Re: My Homebuying Journey coming close to the end......

You deserve it after all the time and energy you have invested! That will pay off. This one's yours!!
STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720

These responses are not provided or commissioned by FICO. Responses have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

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 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.