im down ** update

ugh ...

so we met with our real estate attorney this am to sign all of our disclosures and contract info to purchase our condo... come to find out that not only will be owe about 20k at closing ... there was also a fee of 8k for a 'premium lot' never disclosed to us. We also expected a 7,500 rebate at the time of closing which would dramatically lower our closing costs (from 20k - 13k) and that wasnt in the contract either. SO now we have to play the waiting game, for the lawyer to contact everyone and get everything straightened out...

just suckss, its such an arduous process - i hope it all works out, i felt my blood pressure and anxiety level rising, sitting there in the lawyer's office as he listed off item after item that we would have to pay off at closing

im hoping it all works out, and we can get all of the contracts figured out and signed away sooooon


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update :: so my lawyer just called and apparently they 'lot premium' was just for book keeping purposes and it wasnt something that we needed to pay! Also, they are going to include 7,500 towards our closing costs - he is editing the contract and submitting it! Looks like everything is a go!!! phew

good luck! it will work out somehow!

Yea closing costs are usually around $20,000 which they don't tell people when they are looking for a house. I hope everything works out for you and FH

sometimes this process can be a real big pain and yeah those closing fees can really kill you...Stay positive and hopefully they will clear it all up, good luck

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Posted by kimNanthony

Yea closing costs are usually around $20,000 which they don't tell people when they are looking for a house. I hope everything works out for you and FH

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right, well we knew it would be about 15k going in, but then the sales person told us that if we went with the builders mortgage company, we would get 7,500 towards closing costs, right off the top and we would pay the balance. Now it looks like they added to our contract a rebate for the 5k lot premium and 1% origination fee which was never discussed and nothing about the 7,500 towards closing. Im just hoping that they forgot to add it in the contract and it will be an easy addendum

It WILL work out Try and keep your head up!!!!

Good luck

everything will work out!! ps-did you find 'cruise wear' if so--where?? i need for february

I will keep my fingers crossed that all works out. Try to find the positive though...you'll own something!!!!! And maybe since you have a prime locale that it will increase your resale value down the line....keep your head up!

Oh Karin! That sux! I've heard closing costs are ridiculous! Hopefully the lawyer can figure it all out!

Is the condo you're buying one of the new ones being built in Massapequa? I looked at your pictures and they looked like the ones by the mall, but I could be wrong!

Good luck!!!

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Posted by AndRecKy

everything will work out!! ps-did you find 'cruise wear' if so--where?? i need for february

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haha i havent even had time to think about it and the cruise is in 4 weeks this weekend im shopping (with the non-existant money that I have at this point)

i tell you, between the holidays, weddings and buying a house - im more broke than Michael Jackson having to sell off Never Land Ranch

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Posted by Mimacat

Uck thats awful! What will you do?

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pray this the lawyer can work his magic or im going down there with my stuff and moving into the model home until they get it figured out

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Posted by kellybean

I hope it all works out for you !!!!!

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thanks kell

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Posted by bigrd37

Oh Karin! That sux! I've heard closing costs are ridiculous! Hopefully the lawyer can figure it all out!

Is the condo you're buying one of the new ones being built in Massapequa? I looked at your pictures and they looked like the ones by the mall, but I could be wrong!

Good luck!!!

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yep! its on sunrise really close to the mall if we ever sign the papers

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Posted by KarinAmanda

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Posted by kimNanthony

Yea closing costs are usually around $20,000 which they don't tell people when they are looking for a house. I hope everything works out for you and FH

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right, well we knew it would be about 15k going in, but then the sales person told us that if we went with the builders mortgage company, we would get 7,500 towards closing costs, right off the top and we would pay the balance. Now it looks like they added to our contract a rebate for the 5k lot premium and 1% origination fee which was never discussed and nothing about the 7,500 towards closing. Im just hoping that they forgot to add it in the contract and it will be an easy addendum

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Oh wow I hope this was just an oversight and they work it out!