Thread: Makes hulk angry

Hey Dana...you made it through those rental horror stories...you can make it through this.

Just me and my dogs who travel as well as three year-olds on a sugar high.

That is too funny!

She comes out thrilled with herself for figuring out a way to cool off, but now smells like the Creature from the Black Lagoon's butt crack.

This too...but graphic!

On the serious side, can you pay cash for the bulk, have the seller carry part, and get moved in. Then find a different lender (and a cheaper car to paint) and do a refi to get a loan? Use the cheaper car to advertise Mr. Burtness. And set some aside for Phoenix!

Originally Posted by bflbob

On the serious side, can you pay cash for the bulk, have the seller carry part, and get moved in. Then find a different lender (and a cheaper car to paint) and do a refi to get a loan? Use the cheaper car to advertise Mr. Burtness. And set some aside for Phoenix!

The seller is the bank--the house is an REO. We were hoping to not put any down as we have the VA loan which allows us to do that. I suppose we could pay half in cash, although I really don't want to, as the housing prices are so unstable there, if we tried to refi out, who knows what we'd get back (and how long that would take!)

Who is funding the loan? Whomever is funding it controls the release of the funds, not the broker. The VA simply gaurantees it ... your beef is with the particular bank that does VA loans. Any way to find out who that is so you can go directly to the source?

1. Take a deep breath.

No, wait. The green doggie. A deep breath is not a good idea.

OK, time to start over:

1. Go outside, close your eyes, take a deep breath in through your nose, and exhale through your mouth-- s--l--o--w--l--y--

2. Do this a few times, S....l....o....w....l....y, until you lose count.

**********************

. . . Oh hell, screw all that.

You're pissed off.

And rightly so.

Get on the phone with a good pal and vent a bit. Scream your lungs out. Or tell them just how f*cking stoopid your lender is.

Let it out.

Take it from me-- lotsa drinks won't make it any better, and you'll feel even worse in the morning.

Purge the crappy feelings.

Then, sit down and write a few things.

Like how stupid other people can be sometimes.

How frustrating that can be.

And slowly, turn your focus back to the good stuff.

Count your blessings.

Don't go to sleep until you can name at least 3 really good things that happened today.

Focus on those (remember focus? )

Tomorrow, start off doing at least 3 things that are good for you (a brisk walk, a good brekkie, a massage-- you decide). Start as you mean to go.

If you can't sleep tonight, and you want a guy's solution: Get out a pad of paper (or your laptop), and make an action plan on what you will do. Like get a new lender. Or get a different house.

Or rent a $#!^&?! apt for a few months-- on a month to month lease-- and look for a different place to live.

YOU decide.

You are the master of your destiny.

Even if some shithead of a loan officer has done his level best to convince you otherwise.

Don't believe him.

-Russ H.

Originally Posted by PhxMJ

Who is funding the loan? Whomever is funding it controls the release of the funds, not the broker. The VA simply gaurantees it ... your beef is with the particular bank that does VA loans. Any way to find out who that is so you can go directly to the source?

US bank is funding the loan. Yes, they have control over releasing the funds, but my lender (Bumbly Joe) is my main communication source to them. That's why I called his broker--to get him out of the loop (hopefully.)

...Oh, and no one is owning up to who or what the hold up is about. Title says it's the lender, the lender says it's title. Just two quick examples of some BS:
1. The first time I signed docs and waited a week to fund, only to find out that title missed a $14,000 lien. Had to redo docs. This lien was found AFTER I signed docs--if you can believe it.

2. The latest: my lender wanted proof that my credit card was paid in full. For some reason they were showing a $6.47 balance on one, and a $140 on the other. ...Nevermind that these balances have been paid off 60 days ago. So $146.47 stopped the presses on the loan. So the lender redraws the HUD and collects funds in escrow for $146.47--then demands three days AFTER I sign papers that I prove these accounts are paid in full! WTF? They jjust collected funds in escrow to pay them off! You can't collect funds and then demand that I pay them off! Clear violation of RESPA for starters, not to mention it doesn't make sense.

Sorry, sorry...going to my happy place now.

Good advice Russ. I did make a list many moons ago on what to do when this whole thing goes South. I have since exhausted the list. ...I will focus on three things that went right today and 5 things that I am grateful for in general. I am truly fortunate--I know this, I really do. And hell, maybe we do get another house. Maybe we get an apartment. Maybe I sell my stank-ass dog on ebay. Maybe. We'll see tomorrow. ...Thanks for listening guys.

This sounds awful, but vaguely farmiliar to my experience with Bank of America about 6 months ago. They assured me everything would be fine and we could close in 3-4 weeks.... 2.5 months later I was still waiting and getting every excuse in the book, while they continued to ask me to provide more documents, more earnings info, more of everything! It was never ending.... I finally walked away and paid cash for the deal with the help of a line of credit I had.

I'm wondering if just NOBODY is lending right now or what the deal is? I was in the same boat as you with perfect everything and plenty of liquid. Of course, I wasn't buying an owner occ, but still!

Best of luck... Maybe find a way to buy it for cash using a line of credit and refi it in 6 months?

Cheers,

- Hakrjak

Sounds REALLY familiar to me. My rifi agent actually quit after my process. We actually signed the rifi closing papers 3 times! The whole process is screwed up.

Yves -

Just a couple suggestions...

First, ask the broker to immediatly send you a copy of the latest underwriter stipulations (the "stip sheet"). This contains everything that the underwriter has determined is needed to close the loan, and is provided to the broker every time the underwriter needs something to move forward. At least this way you know exactly what the underwriter is demanding.

As for the seller, in order to get them to agree to extend again, you may need to offer to pay a per-diem penalty under you close -- perhaps $50/day will be enough to get them to agree to extend the contract. Then, go back to the broker, and demand that they reduce their fees by $50/day until close.

Just a couple ideas that may or may not help...good luck!

Good ideas JScott. ...This last hang up wasn't due to underwriting. It was due to the fact that the HUD was off by like $500. There were certain fees that were just floating in the atmosphere, such as pest cert, mobile notary, overnight fees for docs, some paperwork fee. Those fees needed to be marked as paid outside of escrow.

...But everyday it's something new. And everyday someone has dropped the ball somewhere.

Another source of irritation is that I am already paying utilities on this house, as we were supposed to have closed two weeks ago, and no one had the courtesy to let me know that it wasn't going to fund, so the utilities have already been put in my name. Just another pebble under my mattress.

Have you ever noticed how GREEN People Have Anger Issues?

I mean, Yves referenced the HULK. Have you ever seen him get mad?

The dude is like a 2 year old throwing a tantrum if you tick him off, and he’s not the only one. What about others such as the Green Goblin, Frankenstein, The Grinch, or the Gremlins? Let’s not forget the Wicked Witch of the West? Even Aliens usually probe you or do something that’s intrusive and just plain rude.

The anger issue also carries on to the Good Green Guys when they get mad. Yoda kicks @$$ against the Seth Lord, the Green Giant doesn’t like it if you don’t eat your vegetables, and have you ever seen Kermit get mad? It’s not pretty.

What is it about Green, that makes people so mean? In Yves’s case, we have a person who is at the end of her rope. She needs cash, has been taken for granted, and is neglected along with her dog. This reminds of another Green person who took matters into their own hands.


[ame=http://www.youtube.com/watch?v=rroSVBCumNs]YouTube - The Mask[/ame]




As Kermit once said, “It’s not easy being Green”. Oh, and if Yves's dog turns green, It's not the algae from the pool; just watch the end of the movie.

Sometimes when life isn't giving you what you want, it's because it has something better in store... IF you'll let go and let it happen.

Had a similar story when buying our condo, delay after delay we couldn't close the deal. Finally we walked and two days later found a bigger and much nicer place for less money.

Any updates Yves?

Originally Posted by hakrjak

This sounds awful, but vaguely farmiliar to my experience with Bank of America about 6 months ago.

I am so sick of this institution, I could scream. First, they take over my CC and 6 months later bump my rate from a "lifetime" rate of 5.99% to 11.99% without any warning. Call them three different times, and they give the same response: "There is nothing we can do." Second, one of my rentals was through Taylor, Bean, and Whitaker. My wife noticed our loan payment for August was taking an exceptionally long time to clear. Come to find out, HUD shut them down a few days after we mailed the check, and our loan was now serviced through ... dum, dum-de-dum .. Bank of America. So, my wife has been calling almost every day to find out the status of the check FROM AUGUST and they still don't have a friggin clue. Third, they received $45 BILLION from us - the taxpayers AND (some of) their customers - to keep them afloat, and instead of being somewhat cooperative, they still continue to give them(/us/me) the shaft.

I've been on the phone since 8am. No one seems to know what's going on. I guess now US bank needs some more paperwork to be straightened out. I tried getting the contact number from US bank but no one seems to have it. I was told that there is no way of contacting them, which, obviously isn't true. So here I sit.

...Just got a phone call. They now need an "Alive and Well" statement from Kyle. So needless to say we aren't funding today. I can't get something like that notarized and back from Afghanastan in the next 3 hours or the next 3 days for that matter.

I am walking.

Originally Posted by Yves

I am walking.

Walking is good for you.

Besides getting you in shape, it takes you to new places!

-Russ H.

PS Plenty of other fish. . . er houses . . . in Vegas, dahling. You'll do fine.

It's not that I'm concerned about losing this house. I'm not attached to it. My concern (and my next headache) will be getting everything untangled. I have my mail going there. I am paying utilities on this house. I have earnest money down. I don't want to lose $10k--that's my concern.

Originally Posted by Yves

My concern (and my next headache) will be getting everything untangled. I have my mail going there. I am paying utilities on this house. I have earnest money down. I don't want to lose $10k--that's my concern.

Understood.

Some of my most expensive lessons in life were when I'd already spent a bunch of money, and continued to spend money even after I knew (in my gut) that I'da walked/pulled the plug long before if I didn't have any skin in the game.

Expensive lesson for me. But a good one.

-Russ H.

PS Shut off the utilities NOW-- today. You can get the mail, etc rerouted pretty quick. Pick it up at the post office for a while (get a PO box, either at the PO, or at a mailboxes etc place). Just have your mail forwarded there.

I know some world travelers who *love* to do this. They just have Mailboxes Etc ship their mail to wherever they happen to be. Keeps things simple.