The Signing

So this is it.  We have been trying to contact the title company all week to get us the documents to review before we show up for the signing.  It’s been like pulling teeth.  The secretary doesn’t know and the person who is doing the paperwork is too busy to bother.  On Tuesday, when they were suppose to have the paperwork done, It was not even started.  The secretary said it was sitting in her to-do-right-away pile.  Wednesday, the same thing.  Then Thursday morning, the stack finally came in E-Mail for review.  It took a couple of hours to read.  I had a few questions and called the title company.  The lady on the phone said our representative was way too busy to talk to us.  If we had any questions to contact our realtor and hung up.  Really?  We are paying them how much?

The realtor was out with clients till late afternoon.  When he finally called back he explained the questions we had and would make sure all the spelling errors where corrected and everything was ready for the signing tomorrow afternoon.

So Thursday night we loaded up the car.  It was filled to the brim with tools and supplies and anything that might be needed to do the rehab.  Including some extra supplies we have lying around the house that might be able to be used during the rehab.  This left just enough room in the carto sleep when I got tired of driving.  And since my husband could not get away from work, it would be just me and I don’t take up too much space.

Friday morning we finished packing.  That afternoon we grabbed coffee for everyone and went to the local mortgage office to do the signing.  It took about three hours to initial and sign.  Then sign and initial.  Then more initial and signing.  The copier was down, so we used our smart phone to take photos of every page.   We all seemed to be having fun, and the coffee helped.

So the contracts are signed and the house is ours, finally.  Now for the real work to begin.  The next day, it’s in the car and away we go.  Will take about 2 full days of driving, but will get there in no time. 

Almost ready to close.

It’s been a slow process.  Nothing at all happened for a whole week.  Then, this week we got the survey done.  It’s a track home and everything was as expected.  No one is encroaching and we now have a map of where the cable company’s easements are so they can do what they need to do to get things done for the neighborhood.  Will put it into a file and hopefully it will never be needed.

It looks like the title company has not even started on the paperwork yet.  The contract states that if there is a delay in the closing, we have to pay a fee.  So we contacted the title company and told them that we wanted to make sure the paperwork was not rushed, but done correctly with correctly being the key word here.  If they wanted to put off closing until next Friday, that would be fine with us, so as long as we are not fined, charged, or otherwise penalized for the delay.  The lady tried to sound like she was doing us a favor by agreeing to this, but I could hear the relief in her voice.  Had to laugh out loud after hanging up the phone.

I don’t know why this is so difficult for them to complete.  It’s an as-is sale and the lien search has already been done so there is no liens on the title.  All they have to do is the paperwork where nothing has been changed, altered, or shifted in any way since the house was put up for sale.  Am thinking this is one of those hopefully situations again.  Hopefully they can get this paperwork done so we can move forward.

After talking with the title company and getting everything arranged with them, it was time to get the utilities set up to be turned on.  Looking over the list, it was already done.  The electricity is still on and in our name.  There have been no spikes in usage so we know no body is tapping into it.  And it was just cheaper to leave it on than to pay to have it turned off and then on again.  The water was turned off while we were not there and the water company was notified to turn it on again sometime Friday.  Since it was a sale, they were very nice and didn’t charge us any extra fees to do so.

Guess it’s time to start packing the car to get ready to go.

Appraiser Report

We got a copy of the Appraisers report for the mortgage inspection this week.  Because the bank had hired the appraiser, we had to get the report from our broker.  Thank goodness for E-Mail and PDF Documents.

It was kind of fun to read through.  The appraiser took lots of photos.  Nothing looked different from when we are there.  And, amazingly enough, the appraisal value is the exact same as the purchase price.

Throughout the report, the appraiser mentioned the loud colors on the wall and multicolored, and in some cases, pealing wallpaper in the kitchen and bathrooms.  He also mentioned that while the house was in marginal shape because of a lot of differed maintenance.  Both of these factors contributed to the lower than normal price point.

After reading the report, we talked with the mortgage broker.  Everything is so far so good and we are good to go except for a survey of the property lines.  This has to be done to satisfy the bank.  We got that scheduled for next week and no escort is going to be required.  (Not sure why NOW there is no escort required, but am not complaining.)

We are supposed to close a week from next Tuesday, but no one has heard from the title company about the paperwork.  Hopefully they can get the paperwork done in time.

Is it just me, or is the word hopefully being used a lot.  Am not one to be relying on others to get things done for me so I guess the waiting game is just getting old.  But it should all come out in the end and then we can start the renovation process.  I wonder how many coats of paint it will take to cover the red and silver bedroom.  Guess time will tell, hopefully.