Wednesday, November 08, 2006

And now we wait...

As of this afternoon, it became a waiting game. A couple of things we are waiting for should come fairly soon (water and septic info) but everything else has been passed in to start the very slow approval/money retreival process. The shortest closing that our mortgage rep. could do with a SONYMA loan is 45 days plus SONYMA needs 5 days notice on the closing, so we are right on track for a January 2nd closing. After a single whirlwind week of researching, scheduling, and taking half days at work to get things handled, I don't know what I'll do with all my nervous energy for the next nearly two months! Our lawyer is handling all the abstract, tax search, title search, etc, so our active part is pretty much done - you'd think it'd be a good thing, but I think I'd rather be involved for the next 7 weeks or so rather than sitting here twiddling my thumbs and wondering about the choices I made!

Current Place in the Process:
  • Lawyer has reviewed the signed offer and addendum and found nothing out of place, so he's beginning the task of coming up with an abstract, survey, as well as tax and title searches.
  • All papers turned into lender for SONYMA loan, including estimates for $7,101.47 in repairs (plumbing, carpet, patio door). Total loan amount will be $96,101.47 when all is said and done.
  • We are expecting the well test results around the end of the week, and expect the septic test/letter for closing around the same time as well.

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