Sunday, July 18, 2010

Forward Motion

And then we found "it"--the house we'd been looking for.  Mostly.  My hubby and I had created a wish list of sorts when we first were approved for financing--square footage requirements, number of bedrooms and baths, and yard dimensions were all established.  What we found met a few of those hope, but fell short in others.  It has three bedrooms and two full baths--a minimal requirement since my stepdaughters do have a room dedicated for them in any house we own and as we DO need a guest room for the infrequent out-of-town guest.  The front yard is "pretty" without being large and already has some landscaping done.  The backyard, though not contained by a privacy fence (one of the checklist items), has a functional chain-link fence surrounding it...and the yard itself is large for the area.  The house, though, was not "up" to checklist on its size.  We had been hoping for 1800+ sq.ft....we fell in love with, according to its realty listing, 1358 sq.ft. of amazingly renovated 1950s charm (it appraises at 1500 sq.ft.).

Once we'd established that this house was "the" one,  we began the paperwork.  Now, paperwork in any house purchase is substantial and repetitive.  This little charmer has a bit of a "catch" to it--it's owned by Fannie Mae and is a HUD listing.  Nearly any of the documents one usually has to sign in a purchase or contract or financing or what-have-you, in this case, has a HUD or Fannie Mae addendum to it.  That basically means a redundant form to the one previously signed that MUST be signed as well.  Fun times!

Additionally, as the house is a HUD listing, the listing agency wants it off its books (understandable).  What would traditioanlly take up to 60-90 days to complete is being fast-tracked to a 45-day closing.  We signed a month + ago.....we are set to close (barring any last-minute issues) on the 27th of July. 

Further, in this forward-moving time, the hubby started getting calls about positions being opened for interview. (*More on that later.)

And so the saga continues. 

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*I'll go into more detail in a bit...but I'm rather superstitious and want to hear that we're out from the underwriting and firm on closing before I go further...y'all understand.

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