House Issues

[Aethian]

Now some of you...very very few...may remember that I, the wonderful postie of the site, was trying to buy a house waaayyyyy back in January.

January, turn in papers and 1k good faith deposit.
February, house has LEAD! HUD moves in to remove lead.
March, house is declared free of lead.
April, house is declared free of lead a second time...
May, house will no longer be in my future.

During those months up there I did a thing no one should ever ever ever do and thats take money from my retirement to put a down payment on the house. Yes beat me up later over that one. The mortgage broker talked me into it saying that if I got the money I could pay off a few small things and be good to go with a nice mortgage.

January, turn in papers to get said money.
February, get money and pay off items...
March, become a LOUD SC over phone when items that were paid for don't show 0.00 balance. During this month, broker askes if I can finish paying his fee since three clients ran off on him without paying at all. Me being a stupid moron pays the rest of the fee.
April, Broker says that I screwed up because of something just then appearing on my credit report. I try to fix it doing exactly what he says to do...
May, Haven't heard from Broker in three weeks now...Left numerous messages, office was filled with stuff one day and vacant the next. His carrier never got a change of address or notice that he was leaving.

Realtor and I scurry around trying to find a new lender...nope way to much damage done to my report now. No way in living hell am I ever going to get approved for a damn thing anywhere.

So yea...there is a five month dream now burning and breaking into tiny pieces. The best part of this? Not only have I wasted the realtor's time, I have wasted HUD's time, wasted the time of the second lender, and even better...screwed myself of finding any place cheaper to rent. So now it looks like in the near future I will be living with no net, no cable, and a 2 hour one way drive to work 5-6 days a week.

And it's all my fricken fault (from long ago things to the past year)...well yay me...go karma...hope your fricken happy. Guess the ex was right to run when he did, I would have ruined him






I need a hug.

[lush]

Don't know what to say, house hunting myself now...

[KiaKat]

*blinks*

I think I'm missing something...

How does your lender disappearing mean you have a problem with your credit report? Something seems fishy here. Definitely report to the BBB, and see if there's some way to take them to court (I assume they're incorporated, with all the bits and bobbles necessary to do business) and recoup the money you've given them.

*hugs*

Don't give up. Find out what you can do to fix the issues, and go after the people who screwed you.

ETA: Also double check the reporting and collection laws for your state. There might be something funny going on there, too. For something from years ago only now showing up...Don't just accept it as a given.

[prb]

I assume there's some mortgage brokerage and agent licensing scheme in your state? Here we have a VERY detailed system from the Financial Services Commission of Ontario. Disappearing is just wrong and gives the entire industry a bad name.

[Aethian]

How does your lender disappearing mean you have a problem with your credit report?

It's not his disappearing that gives me problems with my credit report. It's following his bad 'advice' that has given me problems. It's the second and third lender who gave a joint look at a newly broguht up report who told me I'm screwed.

[Reyneth]

/that's all.

[Der Cute]

Big squishy hugs, and I hope you can get the SOB.
Report him to the state board of real estate/ licensed agents.

Good luck.

Cutenoob

[Mr Slugger]

Honestly there's something fishy with this whole thing. If I understand this correctly the broker asked for you to pay the rest of your fee, (I'm assuming he was a buyer's agent?) you pay the fee then he tells you you screwed up, and he jumps ship closing his office with no forwarding address.

If that is how it went I would say you got scammed. I mean you say that it's your fault, there's things that you needed to pay off, etc. However in my experiences with buying a house it was either you could do it or not, and if not that was the end of it. If it could be done. Say bills needed to be paid off, things needed to be consolidated it was done at closing. To me it sounds like the first lender/broker knew you couldn't pull it off to begin with took your money and then bolted. To make matters worse they made it worse for yourself to get that house.

[McGoddess09]

Awww. Aethian. I'll give you a huge hug on Saturday!!!

[tamezin]

This really is just a sign of the times. Five years ago a squeaky clean credit report wouldn't have mattered much, it would have gotten you a better interest rate, but other than that no-one cared. Banks are pinching lincoln due to the enormous amount of default on so many high risk loans.

[Becks]

*oodles of hugs*

[RootedPhoenix]

Something smells very fishy in all of this. I'm sorry Aethian. I hope you can catch this toad.

*gives many many hugs*