Tuesday, November 5, 2013

Extending P&S Deadline and Other Picture Postcards

We were supposed to have the P&S signed by Monday (yesterday), but we ended up getting an extension until this Friday in order for us to have more time to look over all the documents involved in the signing. Mr. Cap and I currently have a meeting set up for tomorrow morning to talk to our lawyer about what we're about to get ourselves into.

Our realtor, who is a close friend of ours, is starting to worry me a little bit with how often she keeps e-mailing our lawyer asking him for specific deadlines. And he isn't responding to any of her messages. The lawyer is someone I've known for nearly my entire life, so I'm sure that he'll come through and get the P&S amendments out and turned around before our deadline. But the silence on his end versus the pushing on her end feel like a recipe for a bad interaction...

Last night I met with the mortgage broker to start signing documents to begin the loan application. She said she normally doesn't do this before the P&S is signed, but she doesn't believe that any pricing will need to be changed since the unit is brand new. And from the results of our home inspection, the only thing that really needs to be fixed/replaced is one window. So as long as the seller is willing to make that change without upping the price, I think we're in a fine position to move forward.

The FHA status of the condo is still in flux, so I can't officially lock in the mortgage until that is all settled. But I can at least start getting any needed documentation over to them, so hopefully that will help move the process along smoothly. 

I'm still hopeful that everything will work out, but I have a nagging sense of dread in the back of my mind. Mainly this is due to our realtor friend's apparent anxiety over our lawyer. But I'm trying to not let anything phase me at this point. Mr. Cap is getting more comfortable with the idea of living in the condo, so if all goes according to plan...the P&S should be signed by this Friday. At which point we should be on our way to...spending more time waiting to see how long the FHA approval takes to go through.

Oh money. Why do you have to be so complicated?

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