Well after going back and fore several times with the owner of the house, we have all agreed on the final terms and signed the required contracts to purchase. All of the paperwork will be delivered to the mortgage company on Monday or Tuesday, at which time the FHA appraisal will be ordered. It already seems like we have come very far in this process, but we are acutely aware that had the last appraisal been done correctly we would already have been in our new home for almost a month now.
So we are back into waiting mode, hoping that everything goes well. If it does, we will close on our new home the end of July, just a little over 4 weeks from now. If it doesn't, we will either close the end of August with a different mortgage company (non-FHA), or will be stuck in our rented duplex until the spring. We don't even want to think about that right now. So we will just wait and see what happens, and try not to get our hopes up just yet. I did instruct the mortgage company that I absolutely will not pay for an appraisal done by Lynette Richter.
Though we are trying to keep emotion out of this right now, we did hit Menards this afternoon and looked at ceiling fans, cabinet hardware, pre-hung door frames, paint, and other stuff we will hopefully need to purchase very soon. Keeping our fingers crossed....
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