Tuesday, March 10, 2009

Complications arise

Things are going slowly with the house. It's still happening (my $1000 deposit check was cashed!), but I'm not sure how the March 31st date for closing will happen.

It's very frustrating. I thought I was done paying rent, but I will not be. My family is coming up to help me move, but they will have to cancel their trip unless a miracle happens. No one else seems concerned with making this an urgent matter. I guess it's what I get for going through so many community organizations and getting such a great interest rate.

The paperwork had to go through one community organization, then to another one. The first one dragged its feet in even meeting with me, yet still told me that March 31st would be fine. He even brushed it off, saying, "No problem." Then, he MAILED, rather than faxed as he should have done, my information to the next organization. We met on Wednesday, he mailed it after mail went out on Wednesday, and the mail didn't get to the right place until Saturday, meaning it wasn't processed until Monday. Except they didn't call me until 4:30 on Monday, and, despite saying they'd call me back that evening, they didn't. I didn't get a call until today at 3pm. That's 6 days. Now, I have to address another years-old credit issue, and then they have to look at it, and THEN it gets submitted to the bank, which says it needs about 30 days to process a mortgage application.

Making things even more complicated is the fact that the lady at the bank who handles the mortgages has resigned, meaning she has a week and a half left; I don't know what will happen with that. Additionally, the lady at the Baltimore Housing office, who is in charge of disseminating the $3,000 city employee grants - an already pretty complicated system with a confusing application - is out sick indefinitely. The man at the office today also explained that they can't seem to get their check machine working, that they just changed to a new system and haven't been able to write checks for a week and half. So that has to be fixed by closing date, whenever that will be.

Ugh. Ugh. Ugh. Hopefully I can still move in during the first week of April or so. But it looks like the only one concerned with that is me and my real estate agent.

Meanwhile, I keep driving by the house, for no reason at all other than to stare at it or, sometimes, to walk in the backyard and peer in the windows at any new work that has been done. I think my new neighbors might call the police soon. It's really a nice little house, though. I'm so excited to move in, and unpack my stuff, and paint, and buy some new furniture.

By the way, here it is: http://www.redfin.com/MD/Baltimore/3944-Kenyon-Ave-21213/home/11107440.

3 comments:

Anonymous said...

I don't mean to stress you out more than you already are, but I am assuming the $1000 was an earnest money deposit (aka. good faith deposit), which, essentially, says that you're good for the mortgage and are not wasting the seller's time by suggesting that you can get a mortgage when you can't. You need to check on your contract or with your real estate agent about whether or not you will get the deposit back if you do not close by March 31. In some instances, the deposit goes to the seller because you've wasted their time. It usually depends on the seller and how the earnest money deposit language is worded in the contract.

Anonymous said...

I just checked the wording of the contract, and I don't see anything like what you've stated - which doesn't mean, of course, that it isn't there.

I'm in constant contact with the seller and all three organizations are working together, so I'm hopeful things will work out okay. My real estate agent just estimated the closing date, knowing these organizations might take longer, and wrote the contract with some wiggle room accordingly.

- EiB

Anonymous said...

Do you worry with posting exactly where you'll live with pictures and everything?