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By angel_eyes_626us, Friday, August 27, 2010, 3 commentsIt's almost official. We have fallen out of escrow. The mello roos on the property is almost as high as our mortgage payment was going to be. If I could I qualify for double I wouldn't be looking to move so far away. The listing agent purposefully withheld this information knowing that it makes her listing less attractive. Perhaps she thought that someone would fall in love with the house, with the thought of home ownership, with finally closing escrow on something, anything, that they would look the other way.
It feels like being punched in the gut. These are financial decisions and I've been trying very hard to keep my heart out of it. I've been trying very hard not to fall in love. After 10 years of having that carrot dangling before my face, I thought I finally had it. Having it yanked away again is a lot harder than I thought. It's depressing. Not in a oh, I'm sad kind of way. No the real kind of depressing. The I don't want to bother with it anymore. The shuffle your feet with your head down, broken spirt, kind of depressing. The I just want to break down and cry kind. Only cry isn't the right word for it. I want to break down and bawl. I want to scream, and kick, and lash out, only I'm too depressed to find the strength to do it.
The carrot's still there. It whispers like a lover in my ear. Saying all the things I long to hear. Just keep going. Keep looking. You almost made it once, and the next time you really will. Think of "The Plan". Think of retirement. Think of cuddling on the couch in front of the fireplace. Your very own fireplace. Your very own bathtub. Your very own space to plant trees, and flowers, and mark the kids growth on the door that won't be left behind when you move. Think of hand prints in wet cement. Tiny little hand prints you can come back and admire later when the kids are all grown up and out of the house.
It's so hard to know you've been doing everything right. You've been saving money, you've been nurturing your credit, you don't lie, you don't cheat, you don't steal. But you just can't get ahead. Bailouts, Handouts, and Help all go to the big guys, the guys that got us into this mess. All of the rest of us keep struggling to stay above water. Struggle to keep our heads up. While the big guys stand on our heads to keep their armani shoes dry. Just like the dodo in Alice in Wonderland. Keep running, you'll get dry eventually.
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3 Comments
That sucks! I know SO many
That sucks! I know SO many people have been going through stuff like this. KVargas posted something last week about her own journey through this. Just hang in there! The right and perfect house is coming your way.
I completely understand your
I completely understand your frustration and depression about this! My husband and I have also been feeling frustrated and depressed about the housing market. We were trying to buy my friend's condo, but, the whole process was just too complicated because she still owes money to the bank and she was going to do owner financing with us.
My husband and I went to the bank to try to get a loan and they denied us. It wasn't a big loan either. We were applying for $60,000. But, because I'm still in school and since he's only just started a new career they wouldn't take a chance on us. --Not until we've had income coming in for the next year and a half. And, they didn't like that he didn't "make enough." We told the bank that what he made was enough to cover our bills (we don't have car payments and our rent is dirt cheap right now). Anyway, we've decided to give it some more time, to take the bank's advice and wait to reapply in a year and a half.
Best of luck with everything. It sounds like you are SO CLOSE to making your dreams come true (WAY closer than we are). You and your husband at least have a bank loan and money to offer. Please don't give up. You've gotten this far. Something else will come along that will be just right. That really bites that the realtor was so sleezy and dishonest with you guys about the Mello Roos. I couldn't believe it! Thank you for exposing that and letting us all know so that we can be more careful about what to watch out for in the future.
Let us know how everything turns out:-) I'll be looking for your next post about it:-)
There is so so much everyone
There is so so much everyone needs to know about before they buy a home. And if you ask the seller (as long as the seller isn't the bank) a question about the property, like do you have termites, have you had termites? and they lie about it, you can sue them for damages. The banks get away with saying that they know nothing about the property and it is all on the buyer to find out about the house.
@ Kimberly Good luck with your plans for the future. you do need a two year work history in order to use your income. Mine can't be used because I went from self employed to an employee to top it off with there was a gap in between. It's frustrating but it's the game, and the only way to get ahead is to play. or so they say ;)
xoxo
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