I was supposed to close on my house today, but we are apparently delayed. The one-time bonus all UA employees got back in 2009 – and consequently caused what appeared to be a “dip” from 2009 to 2010 in my income freaked out the underwriters even more than I’d thought. In addition to the letter I had to write to explain this, they also wanted a written verification of employment. And the University has a 5 day turn around on that. I didn’t know they had made that request, otherwise, I would have trucked on over to HR and called in some favors.
So, that didn’t get back to the underwriters until yesterday morning and despite the “rush” the loan officer put on it, I knew things were not going to work out to close today.
That means that the sellers can’t close on their new place on schedule and I won’t get possession in time for my family to come up and help me move this weekend. And I’m unlikely to be moved before Christmas.
Which kinda sucks, but it’s not the end of the world. I’ll have time off after Christmas and my family may be able to help me then as well.
It’s just so dang frustrating that paperwork is getting in the way. Never mind the stable job and great credit score – I can’t move forward because of some bureaucratic paperwork.
I’m hoping to hear back from the bank today and see where we’re at.