– Orignally Posted Tuesday Dec. 29th –
We were suppose to fund yesterday (12/28/09) and close today (12/29/09) but just like everything else in this deal,something got screwed up.
As it turns out,funding is usually done in the morning and has to be done by noon. We get a call from our lender at 2pm yesterday that they were not able to fund due to the fact that the lender could not verify where some of the money that we put in escrow came from. The funny thing is that the money has been sitting in escrow for a couple of weeks…and they are now just finding it?!?!?! Needless to say we are a little pissed off about it…
It gets better….
Turns out that one of the issues is that they can’t fund is because of a 401k issue…Basically,The Other One pulled money from his 401k (EdwardJones) and had them wire the money directly to escrow. Now the lender isn’t sure who EdwardJones is,and was thinking that EdwardJones was a real estate agent at the Other One’s office who gave him the money. So,we had to send in additional statements and paperwork proving that EdwardJones was the investing company for the 401k,and NOT an actual person…
We are still probably not going to fund today…and more info is coming…I’ll try to keep things up to date. All I do know at this point is that we are out of the rental Thursday night…and if this doesn’t close here fast…like it was suppose to on Dec 15th,18th,23rd,and 28th…. we are going to be homeless.
