All who have accomplished great things have had a great aim, have fixed their gaze on a goal which was high, one which sometimes seemed impossible....

January 30, 2008

What the #@!%, is there a Full Moon?

I cannot believe this is happening to us. We are losing the house. Our Lender changed on us the last second AND the house did not appraise out. So as of tomorrow we will be signing a Mutual Release and terminating our contract.

I am so pissed. This would have been our FOURTH mortgage. We have NEVER defaulted on payment, we have 680+ credit score and yet we still can't find anyone to give is a 90% LTV Loan!?! Are you freaking kidding me? There is no freaking reason we should have to come up with 15%. No way. This is crap.

We are back to square one. I loved this house. I did not see this coming. First my Office closes and now this? We are SIX DAYS away from closing.

I sure as hell hope we get our Earnest Money back...
UPDATE: There is more to this story and I'll be blogging about it as soon as I know Josh and I are free and clear and the Mutal Release has been signed.

5 comments:

Kristal said...

Oh Brea, how devastating. I'm so sorry to hear this. I'm sure it's happening for a reason, but that doesn't mean it's any easier to deal with. :(

Team Boyd said...

Thank You Kristal. My whole life was in the works to change due to this move and now I feel like we are stuck in limbo...It's so hard.

Amber said...

I didn't even know you had this other blog!! I am always checking your other one but its never updated so I was wondering where you were! Now I found ya!

Team Boyd said...

Hey Amber! I haven't been updating my other blog lately. I should though. Well, now you know where I am :)

Christie said...

Brea, I am so sorry. I understand the ups and downs of real estate, but your situation is just ridiculous. You're right - a bank should have no problem lending you the money with your credit scores and past performance. I hate that you and your family are going through this.
I don't know much about the appraisal process, but if the house didn't appraise for your contract price, will it go back on the market for a lower price?