Reply
Regular Contributor
raisinitup
Posts: 224
Registered: ‎12-11-2012

Re: What are you waiting for today ????

Thanks ! Praying the same for you. This process is soooooo stressful, it's good to know you have someone in the same boat that gets through the raging seas of each step in this process.

12/11/12 Starting Score EQ FICO - 583/ TU FICO - 615/
4/1/13 - Lender Pull - TU - 645 EQ - 675 EX 712
Each One - Teach One
Established Contributor
foofighter74
Posts: 828
Registered: ‎12-09-2012

Re: What are you waiting for today ????

Congrats on the appraisal!

 

we are excited about having the house built, but the process has been 5 months already and i'm just tired of all of it.  I want to move and be done with it. lol

Member
521099
Posts: 10
Registered: ‎12-05-2012

Re: What are you waiting for today ????

Waiting on short sale approval....we are purchasing a short sale, contract was approved by the attorney for the estate....we are going on month 2 now. Hopefully the bank responds soon.

USAA EX 640 TU 667 EQ 667
New Contributor
working-hard-atit
Posts: 64
Registered: ‎05-15-2012

Re: What are you waiting for today ????

I just submitted my 3rd round of conditions but noticed that they were repeat conditions so I just went ahead and submitted them again anyway.  We had the home inspection this past Saturday and the appraisal was complete last Thursday.  Our original close date was 5/2 but when I spoke with the LO last week she said we were looking to close 4/30.  I'm beyond anxious and trying so hard not to check my email every 2 seconds.  Oh, I got my approval last Thursdays as well...


Starting Score:TU 580 EX ? 1/7/2013
Current Score:TU 659 4/2/2013 EX 650 4/20/2013
Goal Score: 670

Take the myFICO Fitness Challenge
Valued Member
Tingnting
Posts: 33
Registered: ‎02-20-2011

Re: What are you waiting for today ????

We arent' asking for any sellers assist on ours.  We intentionally went in with no conditions or seller contributions since we are in a competitive market, plus we know it's overpriced, so we're hoping that the lack of conditions makes it more likely they will reduce.  I think when you mix the seller contribution with a low appraisal, the seller may have issue giving in on both.  Have you decided which you are going to push for the hardest?


Starting Score: 606 EQ 2/11
Current Score: 738 EQ - 4/13, 702 TU - 3/13, 729 EX - 3/13 (Lender Pulled)
Goal Score: 700 Club


Take the myFICO Fitness Challenge
Frequent Contributor
Kozmo
Posts: 318
Registered: ‎07-08-2012

Re: What are you waiting for today ????

I'm waiting on a 3rd appraisal to come back. Long story but yeah it's been a rough weekend.

Hoping to close Friday but I have my doubts.
Regular Contributor
raisinitup
Posts: 224
Registered: ‎12-11-2012

Re: What are you waiting for today ????

Wow workinghardatit, you are well on your way  - that's right around the corner. Did your 1st round with UW go quickly ? I'm praying for a 1-2 day turn around, I just don't think I can take another weekend of anxiety.

12/11/12 Starting Score EQ FICO - 583/ TU FICO - 615/
4/1/13 - Lender Pull - TU - 645 EQ - 675 EX 712
Each One - Teach One
Regular Contributor
raisinitup
Posts: 224
Registered: ‎12-11-2012

Re: What are you waiting for today ????


Tingnting wrote:

We arent' asking for any sellers assist on ours.  We intentionally went in with no conditions or seller contributions since we are in a competitive market, plus we know it's overpriced, so we're hoping that the lack of conditions makes it more likely they will reduce.  I think when you mix the seller contribution with a low appraisal, the seller may have issue giving in on both.  Have you decided which you are going to push for the hardest?


I agree. That's the issue in Central Florida right now, the market is going crazy since inventory is low and prices are going up. We didn't get our offer accepted on 4 or 5 houses where we were looking for 3% backing in closing costs so on this one, we just went with zero back in closing costs and prayed that the house would appraise so we wouldn't have to come out of pocket with any more $$. We used a lender credit to help with closing costs.

12/11/12 Starting Score EQ FICO - 583/ TU FICO - 615/
4/1/13 - Lender Pull - TU - 645 EQ - 675 EX 712
Each One - Teach One
Contributor
Startfromwithin
Posts: 102
Registered: ‎09-10-2012

Re: What are you waiting for today ????

Not really sure which I would press the hardest. They may have to do both. (Lower their asking price as a result of a lower appraisal & give me some sort of Seller's Assist... maybe not the 5.25% I'm asking for, but something would be nice)

 

According to my Broker, if they don't want to budge on the Seller's Assist, I could do a Lender Credit to help with the Closing Costs. Of course my rate would go up slightly, but if I don't have an extra few thousand for the Closing Costs, I'd do it to grab this property.

Regular Contributor
raisinitup
Posts: 224
Registered: ‎12-11-2012

Re: What are you waiting for today ????


Startfromwithin wrote:

Not really sure which I would press the hardest. They may have to do both. (Lower their asking price as a result of a lower appraisal & give me some sort of Seller's Assist... maybe not the 5.25% I'm asking for, but something would be nice)

 

According to my Broker, if they don't want to budge on the Seller's Assist, I could do a Lender Credit to help with the Closing Costs. Of course my rate would go up slightly, but if I don't have an extra few thousand for the Closing Costs, I'd do it to grab this property.


I did the same thing, the interest rates are so low right now, a quarter of a percent higher is still lower than most of my family and friends have right now so we feel good about it. It depends on the area I guess. If you can get both, I say go for it.

12/11/12 Starting Score EQ FICO - 583/ TU FICO - 615/
4/1/13 - Lender Pull - TU - 645 EQ - 675 EX 712
Each One - Teach One

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+