SO pissed at our Finance guy

[LynzM]

So, we're trying to buy a house. We were told we qualified for the state-financed loan program, and went through a whole bunch of extra paperwork and class and stuff to get this kind of loan (lower rate, closing costs rolled into loan, etc.)

So all the shit that we've gone through to get this state financing? The class? The extra paperwork? The delays?

We're over the income limit, because this house isn't in the 'target area'. Which our finance guy knew TWO WEEKS AGO and didn't bother telling us. (I think this technically means we could opt out of buying this house, but.... do we want to do that, at this point?) Which means that we have to get a conventional loan, which means probably an extra $100/month. That's manageable right now, but once I go back to school, that will become a non-negligible amount of money. Yeah, we will swing it, but... that's not the point. The point is, our realtor and our finance guy have been terrible about letting us know what's going on, and I will never, ever recommend them to anyone, or use their business again.

On top of that, we may not close tomorrow after all, but nobody's been able to tell us, yet. What, does everyone have unlimited days to take off from work and sit on their asses and wait for a closing? How the @#$@ do these guys stay in business?

Edited to add: Ok, it's not really his fault. The Fed changed the rules last week. So, that area no longer qualifies. So, now we just wait and see what kind of rate he can get us, and he said he'd waive his commission. *twiddles thumbs, waits for phone call*

[Az]

1. I think this other thread suggests the perfect punishment

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=105x4043387

[LynzM]

2. LOL

Thanks for the giggle, Az. I can really use that this morning...

[LiberalinNC]

3. Tell the RE and Finance guy YOU Want some of their "percentage" $$$

I know the seller pays the RE agent, tell him/her that you .5 or 1% or more, of their take home because they deceived you. If not, tell them you'll report them to BBB and the or the state agency board for their incompetence. (I know that is what my husband and I would do!) Just a though!

[LynzM]

4. Which might work great, except

The guy who we're buying the house from is the other RE dude, in the same company. So I doubt there's any money changing hands there. I get the feeling that they're not treating us like 'normal' customers, for that reason. Either way, it sucks. We're seriously contemplating walking away from it and just renting again. Bah.

[LiberalinNC]

5. Then demand that they make the selling price lower!

I don't like RE Agents, most are dirty, so you must play "dirty" yourself sometimes! Good luck w/ what you decide!

[LynzM]

6. Yeah, does kinda suck.

The finance guy did say he would waive his commission, which lowers the price a bit. We'll see. Thanks!

[melv]

7. Did you lock your interest rate?

If you did, they are not allowed to change it.

[LynzM]

8. Nope

The state financing program is based on a rate related to the Fed rate, since it's a gov't program. So, Mr. Finance Dude is trying to find us a great rate today... we'll see what he comes up with.