Quote:
Originally Posted by Hal :-)
Thanks for your thoughts everyone. We met with the Citizens rep this afternoon. It was like kicking the can down the road, they're trying to keep us moving forward. But it was, as expected, more "just trust us". We're from NY and, fortunately, we have a 7 day rescission window. So we have control for a couple more days. The Citizen's rep could do no more than anyone else - gave us "no problem" just trust us. It's so unreasonable, I feel it's simple enough just to add a one liner that we will not be penalized if closing is delayed through no fault of ours. If someone else fails in their job we get penalized. So unreasonable. When you said The Family has control you're so right. I'd add they're very greedy. They should be able to provide the best loan rates around, given they're profiting from the sale (probably the appraisal, inspection, and everything else). I can't be sure but it appears to me they maintain they're cost a cut above the others. We're not done yet, we really want to make it work but it's all one-sided. They don't need us and they don't really care. If it works it'll be because we caved.
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We bought a resale, so the terms they "demand" are new to me too. Did they at least tell you what the interest rate would be before you signed? If not, and you still have time to get out of the contract, frankly I think I would. Resales are sounding better all the time!