- Joined
- Apr 20, 2017
- Messages
- 3,700
Well, I'm in a heap of trouble. Closing on our lakehouse was supposed to be July 5. That deadline was missed due to our lender dragging their feet. We chose Chase because they gave us a better rate and the majority of our funds are with them. We thought it was the simpler choice. Everything cleared quickly on our part (income, etc.) The appraisal came in last Tuesday ($90,000 higher than the sales price -woohoo!). However, there was a question of a water test/well inspection that wasn't answered by the appraiser. Chase didn't contact the appraiser until today after missing the closing on Friday. Now the appraisal goes back for review. I really don't trust at all that we will close this Friday. Here's the huge problem - deliveries are scheduled all next week for furniture and appliances. This is a very remote area and scheduling these deliveries has taken me a ton of effort to coordinate. Plus I only have next week, after which I need to be back in Houston for my daughter's cheerleading stuff. My realtor says that if all goes wrong she will ask for an early occupancy but sellers generally don't like that. The sellers know about the loan holdup because chase has contacted them about the well test. Kicker - state of Arkansas only requires a well inspection during initial installation, 2002 in this case. Luckily the seller keeps impressive records and had the well inspection results from 2002. I am irate that Chase didn't ask for this last week but they truly have us in a corner. Going with another lender at this point would take even more time. I was on the phone for 5 hours today with Chase trying to get it all straightened out. I have spent more time on this transaction that I have for every other loan I have gotten combined! OMG this is really killing me. Just venting here- I do know this is a 1st world problem. Going gray as I type this.