Tuesday, November 2, 2010

Tomorrow it might all be gone...What a waste of time.

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In July I jumped at an opportunity that just seemed to leap out at me with open arms.  I was searching online for house/condo listings & I found one in my current condo development. I was so excited to find a studio condo for an affordable price so I could finally get my dream of living on my own. I got pre-approved for a mortgage & then the proceedings started. That was 4 months ago. If you’ve been reading my blog for some time now you know I have NOT moved in yet & I fear I never will.

The fear is because my initial mortgage was denied after those 4 months because they couldn’t find a sale to compare it to. I can’t tell you why they couldn’t have told me that in the beginning. The mortgage loan officer dragged her feet putting off my mortgage & mortgage because she had stuff to do from other house sales & now I was up shit’s creek. My grandfather loaned me money so I could put 20% down to receive a new mortgage BUT it might be just a lil too late.

The seller of this condo has had enough. I have until November 11 to get a letter stating that I was approved for my new mortgage & have a closing. I don’t think that’s going to happen so my lil dream of owning my own place just for me is pretty much crushed.

I’m absolutely fuming with rage & disappointment that my stomach is sick, I have a pain in my side that won’t go away, & I’ve had a bloody nose for about an hour now. I…I’m so upset & I can’t do a thing about it until tomorrow morning. I CAN’T fathom how this got so out of control with time going by. They kept telling me just wait and see just wait let time go by we’ll figure it out yada yada…which translates to basically the bank & this mortgage lady talking out of their asses & making promises they can’t keep.

Tomorrow I have to go to bank & demand that they give me a definite approval letter & a closing date or I’m canceling the deal. I can’t go on like this. My mother & I scream at each other every day over this & if they can’t deliver what I need I will be able to get my down payment back but ONLY NOW. After November  11th I will lose my 12,000 down payment. I could just throw up over it all.

I’m fit to be tied. I don’t know how I’m going to sleep tonight knowing that tomorrow I could find out that I won’t ever get to live in my condo that I’ve stared at for 4 months now. I don’t understand how the bank could be so lazy & just not care that this is someone’s future home & hard earned money. I hope I find out something positive but it looks grim. Too grim. Shit. Just shit. I’ll keep ya posted. Sometimes life gets very real & the steaks are too ridiculous. Tomorrow I’ll know, hopefully.

R.I.P. Lydia Mae 10/30/10. You will be missed. I’ll always remember you talking in Spanish so fast to my grandmother. I’m sorry they didn’t do a service for you, but we will have a mass dedicated to you. Rest in peace.

19 comments:

ag. said...

I am so sad and frustrated for you just reading this. My husband and I have just started looking to buy a place and already it takes a lot out of us...I cannot imagine what you are going through and I will be crossing my fingers that it all works out in your favour with the least amount of heartache and trouble! Good luck, please keep us posted!

Christopher said...

that is awful, you'd think in this market people would be doing what they could to make it easier to buy, unbelievable.

Hollie said...

how stressful! I hope things work out for you.

Mo Pie, Please said...

What a nightmare! I hope things are looking up by the time you start your day tomorrow. This sounds awful and unfair and you deserve better than this. That's a lot to lose. Don't let it get the best of you!

The Shanner of Attention said...

oh my god - that is so stinkin' awful. i'm so sorry to hear. i'll be sending positive thoughts your way.

Audrey Allure said...

Oh no that's terrible! I hope everything works out soon.

tess said...

I'm so sorry Melanie, it has been heartbreaking to read your current condo dilemmas for the past month but I always hoped it would pull through. I still hope it does, but I'm sorry things are so convoluted and craptastic.

*Simply Colette* said...

I'm so sorry about the mortgage mess! I hope it all works out for you... it sure can be stressful. Hang tough!

xo,
nicolette

http://www.simplycolette.blogspot.com

Krysten @ After 'I Do' said...

Ugh that is SO FRUSTRATING. I'm keeping my fingers crossed for you and hoping that you'll get exactly what you need and want.

NYCPatty said...

The first apartment I almost bought was a studio. It didn't happen because the apt did not appraise to the value the seller wanted. I was crushed. devasted! But it turned out to be the BEST THING that happened to me.
Two years later I found my current apartment. I knew it would be mine the moment I opened the door and walked in. The whole process took 4months & it was done...smoothly.

I don't hate me but sometimes things happen for a reason.

((Hugs))

Bathwater said...

That does not make any sense the bank should be held to some standard of accountability for not completing your mortgage within a reasonable amount of time.

Jennifer said...

I'm so sorry, Melanie. I wish I could tell you something a little less cliche than "things will work out" but I'm positive they will come together for you. May not be in the form of this condo, but maybe other plans will come together.

Diana Mieczan said...

OH no..I am so sorry...I cant believe it all..I really hope that everything will work itself out,sweetie
Stay positive...I will keep my fingers crossed
Muah

Ps: I am hosting a sweet GIVEAWAY today, please join in!

Jennifer Fabulous said...

My mouth has been open the entire time, reading this post. I am just beyond horrified.

For the past four months it seems you have been taken for a ride. You are being treated so poorly, it makes me wonder the reputation of the bank. Is there someone higher up you could contact about this mess? You can't let them get away with it!! :(

I'm crossing my fingers for you, honey. I hope with all my heart you get this mess solved and you are moving into the condo that is rightfully YOURS very soon. xoxo

Kristin said...

I'm so sorry. We had a heckuva time when we bought our house, so I feel your pain. Prayers going up for you lady!

Susan R. Mills said...

Now that just sucks! I know this won't make you feel any better, but maybe it wasn't meant to be. Maybe there are better things out there for you. I wish you the best and hope all turns out okay.

HISdaughter said...

Oh, sweetie, I'm sorry this isn't turning out the way you had hoped. How stressfull! But I think you are strong and smart enough to put your foot down with the lender/mortgage people and get your money back. You should definitely do that, and take your business elsewhere. Maybe there is another condo that is even better, jsut waiting for you to find it :)

Ren- Lady Of The Arts said...

Man- I hope it all works out!

Madeleine said...

Oh hun, that sucks. I hope you get it sorted out, my fingers are crossed for you. xx

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