Friday, November 19, 2010

Weekly Update

Status from the bank:
  • The file is still in the "prescreening" process,
  • we have to have all the documents updated and resubmitted again by next Thursday (the same day the bank can post the Notice of Trustee's Sale, giving us 90 days, if they're paying attention),
  • and if any documents are deemed "missing" when they finally get around to looking at the file they WILL NOT discuss it with our attorney/negotiator but instead will snail-mail us a request for the information (and in all likelihood move our file back to the bottom of the stack).

Response from our negotiator concerning the bank and the 90 day mark looming, when the buyers can walk:
  • "They know and don't care."

Lovely. 

On a positive note, it looks like we'll be able to move out at a leisurely pace in January since the bank appears to want to drag this out, or foreclose - both options give us time, I suppose.  We're meeting again with the landlord of the new place tonight to put in the deposit, go over paperwork, etc.  Oh, and we're car shopping this weekend.  The only hope we have for our budget to fit rent and childcare at the same time is to eliminate the car payment.  So we have a small lump-sum of cash with which to find a suitable replacement, and will either trade my beloved little car in on it or sell it private party.  With my brother's help, I'm hoping to have something "new" in the driveway by the end of the weekend so that we can get going on unloading my car if we don't trade.  It's been a good little car; I should have named it.......... at any rate, wish us luck!

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