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Unsure and depressed


So.... who knew buying a house was such a pain. I haven't officially been told no but I haven't been told yes.

 

The drama all began to unfold last Thursday. I was pre-approved but after seeing my income from 2011 to 2012 dropping they started to back off. I have a medical condition that is documented and I receive family medical leave for it. Most of it is unpaid unless I have vacation or personal time available. My condition is worse when I get stressed out. So imagine how I felt after getting the email last Thursday that in order to use my bonus and overtime on my checks and in my income I need to have Verizon sign this form saying they are "likely to continue". Verizon will not sign anything and this has made it difficult.

 

I talked to a friend who just bought a house last year and I she referred me to her mortgage company. I haven't gotten a definite answer but seeing I am supposed to close next week this is not looking good. What angers me is that the first mortgage company had all my paperwork prior to me completing any offer. So in the end if nothing goes through I am out $665 dollars.

 

The second guy said I will know tomorrow and hopefully it is good news. The first one said things were not looking so good.

 

 

So I sit and wait to find out what will happen. If I don't get it I don't know what I will do......

5 Comments


Recommended Comments

Daddydavek

Posted

Keep your faith in yourself.  Somehow things will work out.  Worry about the things you can change and try to let go of the things you can't.  You might try to ask for a meeting with the lender to present a detailed budget of how you plan to meet all your expenses including the house and what you are putting aside for regular recurring expenses as well as emergencies.   

joann414

Posted

Hey, you are young, keep a positive attitude. It will work out for the best! hugs and good thougts

MikeL

Posted

Best wishes, Edward.  Buying your first home is a major event and you deserve it.  I think you should appeal to the original mortgage company to stand by their commitment.  I'm not sure of the legalities involved, but they should follow through with the loan.

 

Hang in there.

Ashi

Posted

Don't feel bad, Edward.  I was working in a bank, and I saw how everything changed after the sub-prime mortgage thing exploded.  It went from unmoderated banking practice to over-correction.  So every bank is super (and beyond reasonable) cautious.  It's suppose to be more prudent, but indirectly it makes people who are less affluent very unlikely to own a home.  It's not just you who is feeling the pain, so don't feel too bad. 

asamvav111

Posted

Lemons>Lemonade! Don't know what to say. Just remember, nothing is permanent. So, this day too will pass. Hugs and Chocolates.

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