Tuesday, July 03, 2007

Closing On Our Condo! Yeah!!

I need to quit blogging for a few hours and go get ready for our closing on our condo. Yeah! We've been waiting 2 months for this day. What should have been a breeze, since we were approved the same day we applied, since turned into the loan from heck!

Not really, but the underwriter thought we were investors, which we're not. We truly intend to live here. But it shouldn't have mattered anyway since we are putting 20% down, and that is what is required for an investor.

The biggest problem was that the equity looked like it should go to my son and daughter-in-law, since they were the owners.

We had Mike and Susan sign a gift letter, giving the equity to us and that solved the problem!