Okay--here is the update...
Last Monday, the gas company came to the house and deemed the water heater unsafe to turn on and in need of major repairs. We requested the bank/owner to fix it.
Last Thursday, someone broke into the house and stole a kitchen cabinet and several lighting fixtures.
Friday, between 25 calls between all parties involved, our real estate agent requested a credit off the purchase price based on the damages.
Monday afternoon, heard from bank that they will credit us $1,000 off the purchase price because of the damanges. All new loan documents must be created because of this...
Tuesday morning, found out that the bank/owner agreed to replace the water heater and repair all unsafe piping (WOO HOO--$1200 savings for us that bank/owner had to pay)
Tuesday afternoon, water heater replaced and piping repaired
Tuesday afternoon, our lender told me that they are "good" and should be "going to docs" on Wednesday morning
Wednesday morning, no return call from lender... called her over and over again... no return call again... finally made contact at 10:45 am--she needed two pages signed by me and Dave IMMEDIATELY. Told that lender underwriter will be finalizing the docs by 1 pm--told that I'd be called immediately.
Wednesday afternoon-evening, no return call and she won't answer her work or cell phone
Can I just say IRRITATING!
Anyway here is what STILL has to happen to close...
- Lender finishes loans... "goes to docs"
- Escrow receives "docs" and prepares pages to sign
- Escrow gives docs to notary
- Notary calls us and makes an appointment to sign
- This process can take between 2-24 hours.
- After we sign, notary sends docs to our lender and to seller (bank)
- Our lender "funds" the loan by wiring money to escrow
- When "funds" are recieved by escrow, they create a "record" of the sale when the deed is changed to our names
- Take the "record" to the County of Riverside and the CoR "records" the sale
- After the sale "records" we get out keys
- This process can take between 12-72 hours.
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