Friday, June 20, 2008
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.
Posted by Laurendy at 8:09 AM