People just plain suck. When I contacted this very last lender Tuesday of last week, he sounded all gung-ho (ya ya, so did the rest of them). I sent him all my financial info right after we got off the phone. And then heard nothing from him the rest of the week, despite a couple of follow up emails and a voicemail.
Monday - I gave up on him and wasn't going to try calling him again. Everyone else said no, so would he. I was trying to work on my "new plan", when Monday afternoon this lender calls me up - still all gung-ho about a construction loan. I was like, well, it really doesn't appear that it will go through with anyone, so this is our alternate plan. He was still like "hold off on that, I really think we can do this construction loan. I will call you tomorrow morning"..........and here it is mid-day Thursday. 3 emails, 2 phone calls and even an email this morning by our realtor and NOTHING back from him. This is beyond rude. If you can't do it (I didn't think you could anyway) then just let me KNOW! How freaking hard is that?
Finally, the stupid original lender emailed me this morning (my last contact with her was Friday afternoon) to tell me she doesn't have any news - she said her underwriter had given it an approval, based on the info they have, but it was now going through complete underwriting and that takes "time". Ok - so you still didn't answer my simple question from Monday's email: do you do land/lot loans? and your underwriter gave me an "approval" for what? a conventional loan or an FHA loan (she had mentioned both on Friday)? It took like 4 emails back and forth to answer my questions. She'd answer one of my questions and then not the other. She still hasn't answered my question of when it should be done with underwriting. Well, until I have a real approval an I "think" you have approval isn't working. She said the "approval" was for conventional not FHA.
So, there was another lender I had spoken with a couple of weeks ago (referred to by our realtor). Turns out they don't do construction loans, so I didn't go any farther with her. So, I emailed her back at like 5pm yesterday. Told her the construction loan is dead, we are trying to get financing (FHA) for a cheap house and a land loan. Can she help? She emails me right back she'll work on it first thing in the morning. NOTHING. What the hell is wrong with people? I guess I am the one that sucks, because I filed bankruptcy 6 years ago and apparently am no longer worthy of peoples time and effort. Never mind that I make almost $98,000 a year, have been at my job 11 years, that we'll have $110,000 to put as down payment, and we have no other debts, and my credit score is 714.
oh and the buyer for our house? the one that's been out of the country for 3 weeks and done nothing to get his financing figured out and the FHA appraisal done? He supposedly got back yesterday. I told our realtor we want an answer today as to what he is doing.It's been a month now and since they left the country and then supposedly changed lenders, we have no updates. I want confirmation of financing and the FHA appraisal scheduled.