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Signing Held Up Again

November 24th, 2015 at 02:52 pm

The signing on BF's house was held up again. This time it was due to the fact that the buyers had deposited money into their bank account. Yes, you read that right.

To comply with the Patriot Act, the buyers went through a process wherein they documented the source of all funds in the account which will be the source of their down payment. They had already completed this process. When it came time to sign documents, it was discovered that they had deposited more funds after completing the process. Well, that means they had to do it again. They submitted the documents Friday, but it takes time for them to be reviewed.

The wife of the buyer couple in particular was very upset as she had wanted to have Thanksgiving dinner in the house.

Word is that it will close this short week anyway, but I will believe that when I have funds in my hot little hand.

Meanwhile, BF has decided to invest 85k of his proceeds into his contractor's next project. He will earn 7.5% on his principal and if the contractor defaults, he will be able to foreclose on the property. Myself, I would just stuff it all into index funds and calculate when I could retire.

7 Responses to “Signing Held Up Again”

  1. starfishy Says:
    1448379894

    oh my - that house has been a thorn in your side for so long! i think i will be able to hear your squeals of joy from here the moment the papers are signed and the keys handed over. i really hope it all happens soon! Smile

  2. CB in the City Says:
    1448380192

    Wow. Frustrating, especially when the buyers are obviously being above board.

  3. snafu Says:
    1448389046

    It never fails to amaze me how so few have made so many [world population] miserable, disappointed or at least inconvenienced.. Since 9/11 airport/flight security regularly gets more horrid and expensive. The population of Paris plans continue to be thwarted,. In Brussels/Belgium and throughout Europe even going to work is fear filled. Bomb threats have planes making emergency landings throughout our country. Syrians are fleeing their country which no longer has government, or effective laws, are rejected with understandable fear.

  4. livingalmostlarge Says:
    1448399165

    Good luck! Happy Thanksgiving.

  5. VS_ozgirl Says:
    1448400408

    Hoping you have the money in your hot little hand soon too!

  6. MonkeyMama Says:
    1448465857

    Ugh!!

  7. FrugalTexan75 Says:
    1448683186

    How frustrating!

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