Good news and bad

October 24, 2010 at 11:02 pm | Posted in Uncategorized | Leave a comment
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Blake and the dogsWell, things have been pretty busy around here. And not really in a good way, either. Let’s jump right into the bad news: we’re not getting the house. Our beautiful, wonderful house that we had been hoping for and planning on for quite a while now. It turns out that due to some recent changes in the government guidelines for FHA loans, Blake has to have this job and salary for six months before we’re eligible for a home loan. The thing that’s made it so unpleasant is that we didn’t find out until very late in the financing process — after we had turned in all the forms and paperwork and the lender spoke to his underwriter and said we were good to go.

I’m pretty devastated about it to say the least. After our lender told us, we talked to a couple other lenders who confirmed that this wasn’t a judgment call but instead something mandated by the laws pertaining to FHA loans. Unfortunately, for each of these other lenders we couldn’t find out immediately — the guys selling the loans assured us everything would be fine each time, then we’d turn in our paperwork with much hurried emails and faxes and optimism only to be told several days later that the FHA guidelines had recently changed and gee, they were sorry. So for the last three weeks we’ve been yo-yo-ing between sadness and then hopeful optimism as each new lender initially sounded positive and then later dashed our hopes upon the rocks. Also I had a terrible cold for about half of October, and generally speaking this wasn’t my favorite month ever.

It’s not like it’s the end of the world, I know. I mean, if our biggest problem in life is that we can’t get this beautiful house right now, then life is very good indeed. But all that work! Ever since we got to Seattle I’ve been working 40-50 hours per week on home-buying — searching for houses online, spending days and days checking each one out with the realtor, dealing with the lender, tracking down all the documentation, etc. It’s been a huge undertaking and all that work is now effectively wasted. Not all of it, I guess — I think I’ll be much more efficient now in the upcoming round of househunting and lender-hunting — but it’s still a tremendous loss for that reason alone. (Needless to say, we won’t be going with that lender again. If they had told us this before several weeks had passed, I wouldn’t be nearly so sad.)

To make matters worse, we didn’t really know that there were no other options until this past Thursday. (Til then we thought another lender would work out fine.) And on this coming Thursday, our free corporate housing from Amazon expires! (We were originally supposed to close on the house on 10/27.) So Thursday night I was pretty sad indeed — faced with the prospect of finding an apartment and new storage for our stuff in less than a week. But we’re working on it.

…which brings us to the good news. After spending all day Friday and most of Saturday looking at apartments, I was able to get us into a spacious 665-square-foot apartment in downtown Seattle: Uwajimaya Village Apartments. The reason that this news is particularly good is its location — it is about 50 feet from the building where Blake works! Not only that, Uwajimaya Village Apartments is named for a very interesting Asian market called Uwajimaya which is right downstairs from the apartments themselves. Uwajimaya is so interesting, in fact, that it deserves a post all its own which I’ll probably do once we’re all moved in over there and I’ve taken some photos.

So what’s our plan for a house? Well, we can’t get a home loan until Blake’s six-month anniversary of February 2. So in January or so I’ll start house-hunting again and see what’s available. Maybe, just maybe, this home will still be on the market. It doesn’t seem likely. Nor does it seem likely that its sellers will be too inclined to give us a good deal, since we’d have to go through making a whole new offer, negotiations, and etc. Although this situation was not of our making at all, I get the impression the seller’s realtor doesn’t think too highly of us. (Just as we were waiting to hear back from the final lender we spoke with last week, the seller’s realtor was getting antsy and threatened to put the house back on the market anyway. She also called us on the phone — which is apparently considered inappropriate and unprofessional since she should instead have been calling our realtor — and whined to us for a while about how time was getting short and she was concerned. We assured her that we were concerned too because we wanted the house and we’d be glad to let her know when we heard something.) So it’s possible we’d still get this house, but I am in no way planning on it.

So we have a nine-month lease at Uwajimaya that won’t be too hard to break when we find a house we like. And if we decide we want to build, we’ll have from February til July for that to happen. And if we start shopping in January, we can have all our ducks in a row for February to get the home loan and make things happen.

So things are good. Everything’s fine. It’s been kind of a sucky month, but not really. Not in the grand scheme of things. In the grand scheme of things we’re fine and happy. To end this on a high note, please enjoy this video of Nano:

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