Friday, June 20, 2008

Banks Suck

All is not well in real estate land. At the moment I'm in limbo and very frustrated. I have done everything that has been asked of me and more. But I'm not the problem - I'm a lender's dream: steady job, almost perfect credit, a large down payment, and plenty of extra cash to spare (as far as the bank knows).

The problem is the market!! Apparently even though the bank does not feel that I am a lending risk, that lending for a fixer-upper is a risk. . . now does that make any sense? No! If you don't feel that I'm a risk why would it matter if I got a fixer-upper or not? Especially since they have known since October 19th of 2007 that I was looking to buy a fixer-upper! And this house is livable without any major repairs!!

I don't know what is going to happen now, the bank is suppose to give me an answer today - actually give my dad an answer today - I don't want to know anything at work, I'm already fighting the urge to cry at my desk, I don't need a push.

I know the housing market is in the dumps. Just a month ago Ariana at Becoming Home was commenting on the sucking market, but at least they already have their home, I just want my chance.

I am not a risk, that's what you said Mr. Bankerman, so give me my house!!

Okay, venting over.

1 comment:

Marissa said...

Gah... stupid banks. Don't even get me started.
At least we've only had to deal with the tribulations of buying and not selling, right!?
Good luck staying focused today and I hope you hear good news!