Reply
Established Member
sweetkia21
Posts: 11
Registered: ‎05-08-2012

We finally closed!!!

We finally closed on 10/15/12 after going through what seemed like an eternity.

Here is at my journey:
A) Appraisal came back with repairs that we knew about but the bank said we have to get a repair escrow in order for the loan close. We say ok lets do it. Informed by numerous contractors that the job is too small we could really do it ourselves, so we submit an invoice for work we are doing and then an invoice/contract for the carpet. It gets denied by the underwriters who now say a licensed contractor has to do the work. After getting my agent involved we finally get a contractor to do the work.Crisis solved.
B) Lender said that we have to put up the money for the repair escrow $4250 if we use downpayment assistance.
C) Downpayment assistance said we were approved then at the last minute we were denied because there are repairs that are needed. Even we got the Deputy Director of the county involved and HUD who said I was approved, but because they cannot figure out how to write the paperwork up we were denied based on the house not my application. So I have to bring the downpayment money and remaining closing costs to the table.
D) Closing day finally arrives after 3 extensions and I have wired my money to the attorney early in the week,so I get a call from my agent the morning of closing saying that the house was broken into and the cabinets from the kitchen was stolen along with the granite and cabinets from the bathrooms.
E) The bank finally comes to agreement that they will make the repairs from the burglary and a date is set for closing.

 After all of the tears from everything that has happened above we closed and I survived it. My fico family thank you so much for your help and prayers. We got through it and please let our story be encouragement for you to keep pressing on for your dream home. 

 

 


Starting Score: TU-585,EQ-569,EX-542 (lender pull 1/24/12)
Current Score: UNKNOWN
Goal Score: 700 CLUB


Take the FICO Fitness Challenge
Frequent Contributor
germaine47
Posts: 305
Registered: ‎07-05-2011

Re: We finally closed!!!

What a wonderful ending to a great story.  I love love your new home, Congrautulations.

Fico September 2012; TU 681, EX 674, EQ 652
Fako October 2012: TU 706, EX 641,
Super Contributor
DallasLoanGuy
Posts: 6,092
Registered: ‎07-03-2007

Re: We finally closed!!!

congratulations

 




* While I try to visit the forum often, please feel free to contact me directly with a link to your post if I fail to answer a follow up question.

* Lending across the entire 'Great State of Texas' since 2004
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: We finally closed!!!

Omg and I thought my experience was bad. I'm glad that the bank decided to replace and repair the things stolen during the burglary...

Congrats on finally closing!

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
Valued Contributor
Epcot
Posts: 2,777
Registered: ‎10-10-2012

Re: We finally closed!!!

That's great, Congrats!

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 809 EX 774 TU 805
App free since 4/11/13
Contributor
MissKay
Posts: 111
Registered: ‎02-05-2012

Re: We finally closed!!!

Congrats!!! Glad you held on.  The house is beautiful.


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

Take the FICO Fitness Challenge
Established Contributor
JusdoNit
Posts: 921
Registered: ‎12-10-2011

Re: We finally closed!!!

Simply marvelous looking home.  So very berry happy for you:smileywink:


Starting Score: 722
Current Score: Now 687 what the hockey sticks...from a 784 (Aug 12 EX 751 EQ Fico)
Goal Score: 800

If your outGo is more than your INcome than your UpKeep will become your downFALL.

Take the FICO Fitness Challenge


Valued Contributor
beb86
Posts: 1,117
Registered: ‎10-31-2011

Re: We finally closed!!!

that is an awesome story and even more impressive considering the fact the bank stepped up to do the right thing 

ccpics2.jpg

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+