July 28, 2009

Today's the day!

28 July 2009

We ended up signing our loan documents last night after all and the whole package was sent back to the lender for final review today (to make sure we didn't miss a signature page or anything). It'll go back to the escrow company who will then take it to the county clerk's office for recording. Once the transaction has been recorded and the title transferred to our names, we can legally call the house OURS.

Signing the loan documents took about 90 minutes to complete and by the end of the appointment, my head was swimming in legalese and dollar amounts. Plus, my hand was shaking throughout most of the process, making my signature look awful. It's a good thing the lender doesn't base its decision on one's handwriting.

We're having my family come over tonight to see the house in what will probably be the cleanest state it's going to be in for a loooong time. We've also invited our friends over tomorrow night for a celebratory toast. Tom, Karen and Doug have done an amazing job keeping this process on track, even with the hiccup we experienced with the appraiser, and we're thankful for the expertise they shared with us during our home buying adventure!
WELCOME HOME!







July 27, 2009

Another Delay

27 July 2009.

Today was supposed to be our original close date but some things have transpired that prevented us from getting our keys today. The appraisal report came back on Friday afternoon and was sent to the underwriter for review. Because the paper work was received so late on Friday, it won't be sent to the escrow office until Monday afternoon (today). So, the hope is that we'll sign our papers late this afternoon, the lender will get them back on Tuesday morning for final approval and release the funds to the escrow company, the escrow company will disburse the funds and send the title off to the county clerk's office. Hopefully, this will all happen before 2:00pm on Tuesday, which is when the clerk's office stops recording transactions for the day. If all goes well, we'll get our keys on Tuesday afternoon!