JeepMom 08-25-2006, 04:21 AM We are going to be doing a dry closing today.
That means, I get the keys, sign all the papers, give them my check. BUT the realtor and seller don't get their money yet. The sellers bank is slow with the payoff. The title won't actually switch banks/names until mid-week next week.
Because *someone* was doubtful on my closing costs, I'll post my sheets sometime over the weekend. Our total closing costs including earnest money are right around $1,600.
pink_amulet 08-25-2006, 05:06 AM We are going to be doing a dry closing today.
That means, I get the keys, sign all the papers, give them my check. BUT the realtor and seller don't get their money yet. The sellers bank is slow with the payoff. The title won't actually switch banks/names until mid-week next week.
Because *someone* was doubtful on my closing costs, I'll post my sheets sometime over the weekend. Our total closing costs including earnest money are right around $1,600.
WOO HOO .....how exciting!!! :yahoo:
What a wondeful way to start the weekend, and best of luck on your new adventure!!
GOOD LUCK !!!!!!
I can't wait until we can post about our first house!
JeepMom 08-25-2006, 05:16 AM This is our 3rd, we've learned a lot of lessons with the previous two. We have some major painting/cleaning to do this weekend. If we get it done by Sunday on Monday we'll start moving. If not, then we wait until the Holiday weekend and start moving!
SinkingFast 08-25-2006, 06:01 AM Congrats, JM!! :yahoo: :clapping: :yahoo:
Your new home will be all clean and fresh and you'll be moved in in no time at all!! :yes2:
newstart 08-25-2006, 06:28 AM I am so proud of you JeepMom, I see my self in that position about this time next year. ENJOY IT. you've done good.
JeepMom 08-25-2006, 06:40 AM I told dh this mornign before he left for work I felt like I truely accomplished this and made this possible. He makes the money but I've done 95% of the actual leg work to get this done. It's scary though that I have purchased a house in his name and no one has ever talked to him directly on the phone.
Minnymouth 08-25-2006, 07:17 AM YOU DONE GOOD GIRL.....................
Now enjoy painting, decorating, and setting up housekeeping in a whole new place.
A new start in life, in a new place, with new dreams......
SOUNDS GOOD TO ME.............
tinroofrusted 08-25-2006, 07:19 AM HOORAY!
Congrats and good luck today!
JeepMom 08-25-2006, 11:18 AM It's not closing day anymore....BUT I'm still getting the keys in a about 45 minutes!
The sellers bank has put a stall on things. The sellers are still handing us the keys because they know we need to get in and paint.
miss puff 08-25-2006, 08:14 PM It's not closing day anymore....BUT I'm still getting the keys in a about 45 minutes!
The sellers bank has put a stall on things. The sellers are still handing us the keys because they know we need to get in and paint.
Sorry to hear that JM. Hopefully things will iron themselves out and you can shoot for monday. In the meantime, enjoy painting over the weekend. Congrats!
lrprn 08-25-2006, 09:42 PM It's not closing day anymore....BUT I'm still getting the keys in a about 45 minutes!
The sellers bank has put a stall on things. The sellers are still handing us the keys because they know we need to get in and paint.
Did you get your keys, JM? Hope so - there's something so satisfying about walking through your own new home and dreaming about everything you want to do to make it your own. Enjoy the joy!
JeepMom 08-26-2006, 03:03 PM We have the keys. Hubby is hoem right now on a break to eat some dinner.
LOTS of holes to cover up before painting!
FilingOnMyOwn 08-26-2006, 04:52 PM Congrats!
lrprn 08-26-2006, 05:05 PM We have the keys. Hubby is hoem right now on a break to eat some dinner.
LOTS of holes to cover up before painting!
Great news, JM! Finally you can get started making this new home your own! Congrats to you, hubby, and kids!
JusticeForAll 08-27-2006, 09:14 AM WOWOWIE!!!!!!!!!!!!!!
You got a mortgage only 8 months out of BK????????
That's amazing!!!!!!!!!!!!!
I would be so scared to get a mortgage now, I am afraid to owe anybody anything.
Congratulations! Good work! I wish you much happiness in your new home!
We have the keys. Hubby is hoem right now on a break to eat some dinner.
LOTS of holes to cover up before painting!
MTG_BANKER_OH 08-27-2006, 06:16 PM Hey congrats on the home. I am sorry I was not able to help you out with your question earlier is has been a crazy week with work. Good job on getting the keys, I have never seen a seller give the keys without the closing actually happening.
JeepMom 08-28-2006, 04:11 AM They knew we weren't moving, just painting. Really the only risk they had was/is if hubby fell and wanted to sue them because it's still their house. We have insurance and no reason to sue.
The paint made some progress but not nearly what we wanted. We expected to have the whole house done by last night. We have half of the upstairs done and that's it. So, hubby will be working hard every night this week to get this done. I may hire a sitter to watch the kids so I can help.
I had some people that just moved here from OH tell me that where they were it was common practice to have to wait 30 days after the closing to get the keys as well. I couldn't imagine that!Around here it's usually at possession closing.
Minnymouth 08-28-2006, 04:28 AM :yahoo: :D :clapping:
CONGRADULATIONS JEEPMOM.......
SOOOOOO HAPPY FOR YA......
You'll be tired when all the painting/cleaning is done...... but there's a lot of pride in "this looks great - and it's our's"!!!
Well done.....
See, there is life after bankrutpcy.....
SinkingFast 08-28-2006, 06:03 AM I had some people that just moved here from OH tell me that where they were it was common practice to have to wait 30 days after the closing to get the keys as well. I couldn't imagine that!Aeound here it's usually at possession.
That's the way it was for us when we lived in IN years ago. Sellers had 30 days to get out and turn over the keys. I asked, "What if the water heater goes or the A/C dies?" It's still on the Sellers if they are still in the home. Up to them to repair or replace.
Then we move to MO and it's 3-5 days after closing. Sellers HAVE to have place lined up to move to or they're in trouble.
MTG_BANKER_OH 08-28-2006, 07:42 AM They knew we weren't moving, just painting. Really the only risk they had was/is if hubby fell and wanted to sue them because it's still their house. We have insurance and no reason to sue.
The paint made some progress but not nearly what we wanted. We expected to have the whole house done by last night. We have half of the upstairs done and that's it. So, hubby will be working hard every night this week to get this done. I may hire a sitter to watch the kids so I can help.
I had some people that just moved here from OH tell me that where they were it was common practice to have to wait 30 days after the closing to get the keys as well. I couldn't imagine that!Around here it's usually at possession closing.
It is common practice for someone to get posession at closing. I have not run into anything where someone had to wait 30 days to get their keys, unless the old owners were paying the new owners rent for a month, since they do not own the home anymore.
SinkingFast 08-28-2006, 12:57 PM It is common practice for someone to get posession at closing. I have not run into anything where someone had to wait 30 days to get their keys, unless the old owners were paying the new owners rent for a month, since they do not own the home anymore.
That's the way the Market worked where we bought in IN in 1988. Same thing when we sold in 1992.
Custom was, the seller had 30 days in which to move. No rent paid or anything. If the seller planned or needed to stay longer, then a financial agreement had to be made.
Things may be different now, tho.
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