Credit Card Center Advertiser Disclosure

Established Member
Posts: 11
Registered: ‎05-08-2012
0 Kudos

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
Posts: 305
Registered: ‎07-05-2011
0 Kudos

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
Posts: 7,915
Registered: ‎07-03-2007
0 Kudos

Re: We finally closed!!!



* 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' (and now Louisiana)since 2004

* The Loan Officer who you can call anytime... and answers your questions Nights & Weekends

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

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
Posts: 2,802
Registered: ‎10-10-2012
0 Kudos

Re: We finally closed!!!

That's great, Congrats!

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 832 EX 783 TU 816
App free since 9/15/15
Posts: 111
Registered: ‎02-05-2012
0 Kudos

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
Posts: 921
Registered: ‎12-10-2011
0 Kudos

Re: We finally closed!!!

Simply marvelous looking home.  So very berry happy for youSmiley Wink

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
Posts: 1,115
Registered: ‎10-31-2011
0 Kudos

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 


Forums posts are not provided or commissioned by FICO. Forums posts 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 internal myFICO analysis of 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. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

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.