If you missed the first two posts that lead up to this post, you can go back and read them here and here. Go ahead. I'll wait. They will even lead you from part one to part two and then back here to part three.
Okay, caught up now? Great! Here we go.
Well, we met with two different loan officers from two different banks on Tuesday about the house that we want to buy for us. The first told us she would get back to us later in the day. The other told us we could expect to hear from them within 24-48 hours. On Tuesday, we had errands galore to run and my mom was babysitting the kids so we left Hubby's phone home with her in case she had an emergency or something. My phone is still dead and gone at this point. So we were just checking in with her from time to time to see how things were going.
Apparently, the first loan officer called on Tuesday and my mom either didn't answer the call or didn't tell us about it or something because we would have definitely returned that call! By the time we got home that night, it was late (like 8:00) and I was exhausted. I begged Hubby to take the kids with him to drop my mom off at her house (she doesn't drive) and he obliged. I think I was asleep before they even left the house. Hubby and kids returned and my Father-in-Law knocked on our door at around 9:00. He woke me up, but I didn't get up. He said that the loan officer had called him when they couldn't get ahold of us and that they wanted us to call them back ASAP. Well, Father-in-Law, I'm pretty sure that they will not be in their offices at 9:00 at night when you pass on this message to us. Oh and he also mentioned that my mom had taken Hubby's phone home with her by mistake. He had tried to call us to tell us about this and he got my mom instead. So Hubby had to leave to go pick up his phone. Thankfully, he waited until the kids were all asleep so that I didn't have to get up.
As it turns out, since I am self-employed, they need copies of my last two years' tax returns to make a decision on my loan. I had them put up, I knew exactly where they were but when Hubby went to get them, he said that he couldn't find them. So I guess we have to request them from the company that prepares them instead. Whatever, it works for us. Today, I get to go pick those up and drop them off with the loan officers.
Hubby had a chance yesterday to go look at the place for my mom and he pretty much agreed with me word for word. A lot of work but worth it. I emailed the lady back and we have to take my mom over to apply to live in the community. There are three people (including us) interested in buying it. Whoever gets approved and has the money available first gets it. I have the money, I just need my mom to be approved first! So that's an important item of business to be completed today.
Okay, I had to take a break from this post because I had to take care of some other stuff. And it is now evening and I have more news to share.
This afternoon, my mom and I ran a few errands. The first of which was to take her to apply to live in the community where her home would be. The manager there asked her if she could afford $250/month for her rent fee, which she assured him that she could.
Then, we went to pick up copies of my last two year's tax information so that I could show my income to the loan officer since I'm self-employed. Then I went to loan officer one and gave her the information she had requested. She asked me a few more questions and said she that she would email her boss with the information and that she would be in touch with me. I don't know anything just yet though.
Then, we went to the second loan officer. He outright said no. That was expected. It was actually what I had anticipated from the first loan officer actually. But she wanted more info, which is definitely not a no. It's more of a maybe.
Okay, so after that, we went to a store so that my mom could look for a present for my little brother, who just graduated this past weekend. We didn't find anything but while we were there, the community manager called and said that mom had been approved, so we went back to my house so I could email the lady about the house.
We get back, I email the lady and relax for a little bit after running around doing those errands. The lady emailed me back with information about where to meet and everything so my mom and I left again and went to the guy's new house. We meet with them (both the contact lady and the guy - the contact lady is kind of like the guy's caregiver more or less) and we get the title signed over and I pay the man and we are ready to go. We hit Sam's Club to pick up some cleaning supplies and then go to Wal*Mart to pick up new locks and a few other things then head back towards her place so she can pay the manager the lot rent. When we get there, he says that she needs to pay a deposit as well. I hadn't even considered the possibility of a deposit but it makes sense, in a way. The only problem is that I just spent a chunk on the trailer itself. I hadn't budgeted in a deposit and my mom definitely doesn't have it. So I ask him if he is able to be at all flexible with the deposit. He says no. So I ask him if we pay the deposit now (with the money my mom had intended for her lot rent), if I could pay the lot rent late. He asks me when that would be. I was actually supposed to be paid yesterday but because of some issues at work, it won't be until tomorrow (Friday or maybe Monday) but I know I will get paid on the 15th as well, so I say the 15th. He said that is fine but she can't move in until the lot rent is paid too. *sigh* So as soon as I get paid from work (this check) I will pay the lot rent and she will be able to move in. But by then, the house will be all clean and ready for it too! So, not exactly a bad thing either!
And the fortunate thing is that we actually have a bit extra to be able to do this for her. I had planned for it to be spent elsewhere, but this is a definite step up for her. And I think it is really worthwhile. I will just have to plan to make those other purchases next month because this month, I'm pretty sure that all my extra cash is depleted. But that's okay. It is worth it.
And hopefully soon, we will find out about the place that we want to buy too! But I figure, buying one home out of two so far isn't too bad! Even if it is the house that needs the most work and it isn't for my own family. But I'm really happy that I was able to help my mom out and that she will once again have her own place to live and be able to work on stability and self-sufficiency again! ♥
That's it for tonight. Will keep you updated as I know more as well.