Hurricane Cronesmoon ([info]cronesmoon) wrote,
@ 2009-07-09 15:52:00
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The Saga Continues
The loan company applied huge fees as a consequence of their own negligence, and we reached the end of our patience and said no. We assumed this would end the process and we'd get our earnest money back (because we weren't walking, but only refusing an unexpected and unwarranted fee); but then the seller called. She really can't afford to put it back on the market and the deadline was only a bluff by her agent.

The loan company promptly required Yet Another bit of paperwork that they should have asked for weeks ago if they really need it, which we can only assume they don't. My honey is dutifully providing it. I don't know whether he is agreeing to the outrageous fees. Nor what else the loan company will ask for when they find he's able to fulfill their latest request.

Who knows what weevils lurk in the hearts of men?


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[info]pyffe
2009-07-10 08:13 pm UTC (link)
I've never had to shop for them. If I may ask, do you have a decent credit score? (I can't remember right now and don't have time to look it up right now!) The last loan company did our loan for free and even sent the notary to our house to sign all the paperwork.

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[info]cronesmoon
2009-07-11 03:23 am UTC (link)
Yes, before all this our credit score was acceptable. I don't know what it'll look like after; depends on what the loan company did and does. (Even a credit check lowers your rating, so there's no telling what an attempted home loan will do, even though we weren't denied.)

I don't really know quite how one shops for a loan company, but clearly it's not a good idea to accept the suggestion of one's real estate agent no matter how honest, friendly, and conscientious he may seem. Our bank, which is new to us but seems excellent so far, doesn't do VA loans, so if we start over we can't go with them.

Well, at this point my honey is re-thinking the whole idea of house-buying anyway, so if this one falls through as seems likely, perhaps we'll just rent for now unless the perfect house jumps out and bites us on the ankle on our way to the store or something.

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