March 10, 2007
You have been warned part 2
The loan was NOT ready on Thursday (close of escrow). The purchase contract was breached, and the seller could walk away from the deal. I would have lost $3k.
On Thursday, the broker asked for my 401k info and my most recent pay stub. I'm not sure if this was some sort of stall technique or what. Then the broker said the internet wasn't working at their office, so they were unable to "pull the docs." This was all very funny because THEY WERE SENDING ME E-MAILS.
Also on Thursday, I get some info in the mail from ABN AMRO (the bank making the loan). The amounts and terms of the loan were incorrect. WTF?! I call my broker (even though he hasn't been answering my phone calls for the last week). Lo and behold, he answers the phone. I ask him about the discrepancies and he says it's "typical" and not to worry about it. The loan docs that I will sign will be correct. I ask him if the docs will be ready tomorrow. He says they should be ready. He states that he will be in the office at 6am and that he will give me an update ASAP. 9:30am rolls around, and I finally get an update. Guess what? The internet isn't working. Since it's my day off from work, I decide that I should show up at the broker's office and ask to see the president/manager of the office.
So I get to the office and demand to see the manager. The manager comes out and says she'll be right with me. 15 minutes later the manager comes back out and voila, the loan docs are ready. Wow. People must really hate confrontation.
After all this, I went to the title company and signed all the paperwork. Some of the terms of the loan were different from what the broker promised, but there's nothing I could do at that point. The things that were different weren't that significant, but the fact that I had been lied to repeatedly really pissed me off.
I will be filing a complaint with the BBB and all other applicable agencies.
On Monday we should be getting the keys.
Jennie and I were REALLY lucky that the seller did not chose to walk away from the deal.
I've had a few irish car bombs if you can't tell.