11-15-2015, 07:17 AM
Good Sunday morning to you all. It's suppose to be rainy today and tomorrow, I haven't looked outside yet to verify any of that. Still on my first cup of coffee....
Why does the government make things so difficult and confusing? I remember our first few home loans and all it required was verification of employment and a credit reference or two... Now it requires tons of paperwork, every page of every bank statement, copies of tax returns and everything except a birth certificate... well, so far anyway :o . They told me the last step before signing the closing documents would be for us to sign the "disclosure document", then, according to the new regulations, we have to wait three days before we can close escrow. Well, we got the "disclosure document" by using an email link they sent and we signed it and sent it back within the hour, hoping to start our three-day clock going. Well, I got a call yesterday saying that this was not THE "disclosure document" that starts the clock, but that will be coming along in a day or so.... HUH?????? New government regulations regarding home loans went into affect in October and everyone that I've talked to in the process is still confused as to what has to be done and in what sequence.
What does all this mean? Well, our move may be delayed by as much as a week, or if we're lucky, just a few days.... 
Why does the government make things so difficult and confusing? I remember our first few home loans and all it required was verification of employment and a credit reference or two... Now it requires tons of paperwork, every page of every bank statement, copies of tax returns and everything except a birth certificate... well, so far anyway :o . They told me the last step before signing the closing documents would be for us to sign the "disclosure document", then, according to the new regulations, we have to wait three days before we can close escrow. Well, we got the "disclosure document" by using an email link they sent and we signed it and sent it back within the hour, hoping to start our three-day clock going. Well, I got a call yesterday saying that this was not THE "disclosure document" that starts the clock, but that will be coming along in a day or so.... HUH?????? New government regulations regarding home loans went into affect in October and everyone that I've talked to in the process is still confused as to what has to be done and in what sequence.
What does all this mean? Well, our move may be delayed by as much as a week, or if we're lucky, just a few days....
Don (ezdays) Day
Board administrator and
founder of the CANYON STATE RAILROAD
Board administrator and
founder of the CANYON STATE RAILROAD