Tuesday, December 7, 2010
It's really going to happen. I think.
So, for those of you keeping score at home, we have not yet closed on the little house that could. We have, in the meantime, sold our present house, and signed reams and reams and reams of paperwork. Alas, no closing yet.
This is still because we're getting a federally subsidized rehab loan for the little house that could. And, as a result, the lender is being pickier than a migrant worker in a peach orchard. FOR EXAMPLE, as we near our closing deadline, despite the fact that Bad Joo is paid THE SAME AMOUNT EVERY PAY PERIOD, the lender is requiring proof of deposit and check stubs for each salary deposit. Unimpressed? How 'bout 'dis one: we have the money for our down payment in one account (call it Account X), but we'll be paying the down payment out of Account Y. Therefore, in FHA Lender Land, we must show not only the long standing funds in account X, but also the balance in account Y, AND THE TRANSFER OF FUNDS FROM X TO Y LEST WE SECRETLY USE DRUG MONEY INSTEAD.
We're supposed to close by the 15th.