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Invelos Forums->General: General Discussion |
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Suffering Here |
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| Author |
Message |
| Registered: April 8, 2007 |  Posts: 1,057 |
| | Posted: | | | | Hi Guys,
I've (almost) sold my house, plus almost bought a new home. My move was to be from California to Texas. On the sale, the house was to close 2/25/09, on the 23rd we had the walk-through & buyers realtor indicated all is well for closing. Based on this information, my wife & I:
1. Flew to Texas bought a home
2. Signed a contract with moving company
3. Boxed all our personal items
4. Sold or gave away all furniture, including TV except two chairs
5. Postal change of address
6. Cancel all utilities, including phone & DSL
Note we planned upon arrival to replace the above.
About 6pm the night of 'closing' we were informed we have a problem.
The buyers lender decided to to submit our property for review, to see if the property still had value; lenders/buyers appraiser, appraised the property for. Keep in mind the appraisal upon lender required review, was 30 days old.
Okay! We wait a week for the lenders review to come in. They compared my property to 3 foreclosed 'bank owned' distressed properties. And said my property's value is $100,000 Less than, the buyers full appraisal. Next realtors both sides + original appraiser submit rebuttals. Next reviewers add $15,000 to there first evaluation of my property. Next both realtors submit additional comps. which shows, my property to be grossly mis-priced. Next reviewers use there own tool (software which automatically values property) AVM, reviewers use of there own resources, now added $52,000 there original guess of my properties value.
In the meantime 'wait' were stuck here all packed up ready to go, we cannot cook meals pots & pans packed who knows where, I forgot to mention the fridge was sold also.
I'm not sure when or at what price, or even if my property will finally sell at. BUT I can tell you that the USA economy is affected by the BS 3rd party lenders, unfair review. Think ripple effect. The movers waist ed dollars, on a move that did not occur, retailers did not get my dollars to replace furniture etc., the new home is stuck in limbo non-sale, the buyers side has many adverse consequences also.
The process grinds on slowly, with us the last to know anything.
Rico | | | If I felt any better I'd be sick!
Envy is mental theft. If you covet another mans possessions, then you should be willing to take on his responsibilities, heartaches, and troubles, along with his money. D. Koontz |
| | Registered: May 19, 2007 | Reputation:  | | Posts: 5,917 |
| | | Registered: March 10, 2007 | | Posts: 4,282 |
| | Posted: | | | | Another knee-jerk reaction by an industry that does not understand basic economics (or refuses to understand it). We sold our house in MO just as the situation was starting to crumble, so we were very lucky. I hope your luck improves. | | | | Invelos Software, Inc. Representative |
| | Registered: April 8, 2007 | | Posts: 1,057 |
| | Posted: | | | | Thanks Ken!! | | | If I felt any better I'd be sick!
Envy is mental theft. If you covet another mans possessions, then you should be willing to take on his responsibilities, heartaches, and troubles, along with his money. D. Koontz |
| | Registered: March 13, 2007 | | Reputation: | | Posts: 17,334 |
| | Posted: | | | | Wow... I got a headache just reading that. Good luck!... hope it is solved quickly! | | | | Pete |
| | Registered: April 8, 2007 | | Posts: 1,057 |
| | Posted: | | | | Hello Addicted2DVD's,
Thanks for the kind words & sympathy. Saturday was somewhat more bearable; I found the two boxes & got my DVD player hooked up, to the borrowed TV.
Body of Lies - Good, Eagle Eye - Stupid, Nights in Rodan - Sleep.
Each problem or wrongful act (to an individual), that individual goes through phases. Phase1 outrage & yelling etc - Phase(later) reach a better place or enlightenment.
Running late I'll post later
Rico | | | If I felt any better I'd be sick!
Envy is mental theft. If you covet another mans possessions, then you should be willing to take on his responsibilities, heartaches, and troubles, along with his money. D. Koontz |
| | Registered: May 8, 2007 | | Reputation: |  Posts: 1,945 |
| | Posted: | | | | Rico,
I wish you good luck in solving that difficult situation.
Try to stay positive.
greetings
Donnie | | | | www.tvmaze.com |
| | Registered: March 14, 2007 | | Reputation: | | Posts: 17,804 |
| | Posted: | | | | I also wish you all the best and good luck!
Take care, Rico! | | | | Thorsten |
| | Registered: March 19, 2007 | | Reputation: |  Posts: 6,018 |
| | Posted: | | | | Best of luck to you, Rico! I hope you'll be able to move soon. |
| | Registered: April 8, 2007 | | Posts: 1,057 |
| | Posted: | | | | Hi Guys, Thank You All  How about some thoughts on this; Often times people take for granted the blessings, we have & during times of hardship & strife, were given the opportunity to appreciate, what we have. Kind of a wake-up-call! In living this particular perceived injustice, I've gone from outrage (you S.O.B's) to a greater appreciation of family & friends. Should things not go, as we would like, I'll try & skip the outrage phase, & look for a positive outcome. Learning is hard work! Take Care Amigos Rico | | | If I felt any better I'd be sick!
Envy is mental theft. If you covet another mans possessions, then you should be willing to take on his responsibilities, heartaches, and troubles, along with his money. D. Koontz |
| | Registered: March 14, 2007 | | Reputation: | | Posts: 17,804 |
| | Posted: | | | | You 're doing it right, Rico!  Take care! | | | | Thorsten |
| | Registered: April 8, 2007 | | Posts: 1,057 |
| | Posted: | | | | Hi Guys, Latest news, buyers are now working with a 'direct lender' who will accept the original 1/17 appraisal. Should all complete the 'high hurdles' event flawlessly closing (documents + funding) should occur 14 days from 3/9. Example of 'hurdles' lender requires buyers wife a 'school teacher' to provide a copy of her college diploma plus certified college transcript. This seems way to 'none of your business, Mr. lender'  You would think employment verification would be sufficient. Life is a 'sine wave' or peak to valley, constantly in motion to one or the other. Take Care Rico | | | If I felt any better I'd be sick!
Envy is mental theft. If you covet another mans possessions, then you should be willing to take on his responsibilities, heartaches, and troubles, along with his money. D. Koontz |
| | Registered: March 13, 2007 | Reputation:  | | Posts: 6,635 |
| | Posted: | | | | Keeping fingers crossed for you, Rico.
We're definitely in uncharted waters in the current housing crisis! | | | | Hal |
| | Registered: April 8, 2007 | | Posts: 1,057 |
| | Posted: | | | | Thanks Hal Expanding on 'peaks & valley' concept peaks and valleys define the the extremes, or boundaries where all activity can occur. Peaks & valleys are filled with 'wild' exuberance, which help or start the journey to the other extreme. The trick is to learn to enjoy the ride to each extreme. Take Care Rico | | | If I felt any better I'd be sick!
Envy is mental theft. If you covet another mans possessions, then you should be willing to take on his responsibilities, heartaches, and troubles, along with his money. D. Koontz |
| | Registered: April 8, 2007 | | Posts: 1,057 |
| | Posted: | | | | Hi Guys,
Quick update, about a week ago we arrived in Texas (for good). The wife followed in her loaded down car, while I got to drive with the cat & the dog, fun! Texas is wonderful.
Take Care
Rico | | | If I felt any better I'd be sick!
Envy is mental theft. If you covet another mans possessions, then you should be willing to take on his responsibilities, heartaches, and troubles, along with his money. D. Koontz |
| | Registered: March 13, 2007 | Reputation:  | | Posts: 3,321 |
| | Posted: | | | | Quoting Rico: Quote:
Texas is wonderful. April Fool's was 3 days ago.  Seriously, I used to live south of Houston and it was like living in hell. I can't imagine ever moving back there again. But I guess Texas is a big place and we saw some beautiful areas while we were moving away. | | | Get the CSVExport and Database Query plug-ins here.
Create fake parent profiles to organize your collection. |
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Invelos Forums->General: General Discussion |
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