You are currently browsing the daily archive for July 23rd, 2008.
An update on my so-called life:
1) Financing fell through yesterday around 3PM, when I was informed that while it didn’t matter just a couple of weeks ago, Mr. G’s spotty credit matters now. So I say to the woman, “well, let’s just take him off the mortgage for now.” Assumed this would nix his income *and* his debt from the loan application. But, get this: debt stays, income goes. So all of the sudden the income-to-debt ratio (we both owe the Department of Ed handsome chunks of change) is too great to qualify for an FHA loan. As our agent told us with great sympathy: responsible borrowers like you and Mr. G are caught in the “aftershocks of the sub-prime mortgage crisis” as the Government cracks down on all of the details. Talk about a shitty day.
2) Fast forward one full day: Seller is motivated enough to contribute 6% towards price of house. Suddenly we have a “good chance” at this not-too-long-ago declined loan.
3) Agent feels really bad because we are essentially homeless come August 1st, unless we find a rental available by then that takes pets, isn’t in a seedy part of town, and is something we could deal with for a year (most rentals in this rental-competitive mini-city require a one-year lease). As a result of feeling bad, she finds us a temporary rental — property owned by a colleague of hers who has a house she’s not ready to put on the market just yet. Colleague is very wealthy: house is over 4000sf and she’ll take “anything” in rent for it as a favor to us. See picture of bathroom w/fireplace below.
4) I’m sick. Bump’s sick. We’re moving in a week and we have not started packing yet. And we don’t know where we’re going to live (rental isn’t 100%) so I can’t do things like 1) fill out a change of address card, 2) transfer utilities, 3) order new checks, 4) think straight.
Here’s the rental. Its palatial. And I’m worried that moving from that to a much smaller home (under 1000sf before we finish the rest of the basement) will be t.r.a.u.m.a.t.i.c. No?
So I’m thinking we’ll fail to mention that this is rental and host a party. Let em’ wonder.
With a “yard” like this, do you think they’ll take pets? Seriously. We’ll build a cat-house.
“Hi, it’s GS. Um, I can’t come into work today. I’m sick.”
