Getting Real (Estate) - Page 10

Radar · 01-22-2009, 02:01 AM

This was our second lost one. We wanted this one so bad, I really can't explain it. It's within walking distance to my brother's house. It's in a REALLY great neighborhood. It's close to everything. It has a HUGE amount of upgrades that were installed fairly recently.

It's move-in ready and most houses at this price are not in LA.

xoxoxoBruce · 01-22-2009, 02:03 AM

It did have the pool issue though.

Aliantha · 01-22-2009, 02:04 AM

I'm sorry you didn't get the house Radar. It's always a big blow when things like that happen. You have to think that something better is just around the corner though.

Stay positive. You never know what will happen.

smoothmoniker · 01-23-2009, 01:44 PM

Ugggh. Escrow is soul-destroying.

We're trying to lock down our mortgage. Apparently everybody who writes mortgages still thinks that the only good borrowers are company men, with a single W2 source of income, one savings account with $950,000 in it, and impeccable tax records for the last 19 years.

The sheer volume of paperwork involved in getting a mortgage is staggering, especially when your income sources include self-employed musician, small business owner (wife's floral design business), a University where 20% of your income is from "overload" teaching assignments that you do every year but aren't part of your base contract pay, and the winner, royalty income from previously published music (they love that one).

Somebody needs to simplify this process.

classicman · 01-23-2009, 02:39 PM

Call Nancy.

smoothmoniker · 01-23-2009, 03:48 PM

Quote:

Originally Posted by classicman

Call Nancy.

Who is Nancy?

classicman · 01-24-2009, 12:32 AM

Quote:

Originally Posted by smoothmoniker

Who is Nancy?

Pelosi

Radar · 01-23-2009, 03:30 PM

I wish I was complaining about doing the papers for the escrow company.

smoothmoniker · 01-23-2009, 03:49 PM

Quote:

Originally Posted by Radar

I wish I was complaining about doing the papers for the escrow company.

Sorry, bro.

I'm not intending to keep prodding the wound, but I thought I would keep all of our real estate process stuff going on this same thread.

smoothmoniker · 01-29-2009, 11:05 AM

4.875%

Holy crap, we locked our loan this week, and it's at 4.875. That just seems like free money to me. Hell, a year ago our savings account was making almost that much!

For those who are interested, here are a few better pics of the house:

Radar · 01-29-2009, 11:06 AM

Holy Hell that's a nice house

kerosene · 01-29-2009, 11:09 AM

Beautiful, smooth. I am so glad it is working out so well for you.

glatt · 01-29-2009, 11:16 AM

wow!

smoothmoniker · 01-29-2009, 12:43 PM

The bummer with buying a 1934 house is getting insurance. The insurance companies are asking for proof that the roof, plumbing, electrical, heating and AC are all new within 15 years. We have no records of any of that.

Also, earthquake insurance is a joke. It would cost us $3500 a year, there is a 15% deductible, and it only covers structural damage, not contents of the house. Basically, if our house gets hit by an earthquake, the insurance wouldn't even kick in until we had paid the first 90k out of pocket, and then it would pay for repairs to the structure, not anything for furniture, electronics, stuff of value inside.

What a joke.

Clodfobble · 01-29-2009, 01:29 PM

Just wrap everything you own in bubble wrap and duct tape. That's much cheaper.

01-22-2009, 02:01 AM	#1
Radar Constitutional Scholar Join Date: Dec 2002 Location: Ocala, FL Posts: 4,006	This was our second lost one. We wanted this one so bad, I really can't explain it. It's within walking distance to my brother's house. It's in a REALLY great neighborhood. It's close to everything. It has a HUGE amount of upgrades that were installed fairly recently. It's move-in ready and most houses at this price are not in LA. __________________ "I'm completely in favor of the separation of Church and State. My idea is that these two institutions screw us up enough on their own, so both of them together is certain death." - George Carlin

01-22-2009, 02:03 AM	#2
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	It did have the pool issue though. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

01-22-2009, 02:04 AM	#3
Aliantha trying hard to be a better person Join Date: Jan 2006 Location: Brisbane, Australia Posts: 16,493	I'm sorry you didn't get the house Radar. It's always a big blow when things like that happen. You have to think that something better is just around the corner though. Stay positive. You never know what will happen. __________________ Kind words are the music of the world. F. W. Faber

01-23-2009, 01:44 PM	#4
smoothmoniker to live and die in LA Join Date: Feb 2003 Location: Los Angeles Posts: 2,090	Ugggh. Escrow is soul-destroying. We're trying to lock down our mortgage. Apparently everybody who writes mortgages still thinks that the only good borrowers are company men, with a single W2 source of income, one savings account with $950,000 in it, and impeccable tax records for the last 19 years. The sheer volume of paperwork involved in getting a mortgage is staggering, especially when your income sources include self-employed musician, small business owner (wife's floral design business), a University where 20% of your income is from "overload" teaching assignments that you do every year but aren't part of your base contract pay, and the winner, royalty income from previously published music (they love that one). Somebody needs to simplify this process. __________________ to live and die in LA

01-23-2009, 02:39 PM	#5
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Call Nancy. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

01-23-2009, 03:30 PM	#8
Radar Constitutional Scholar Join Date: Dec 2002 Location: Ocala, FL Posts: 4,006	I wish I was complaining about doing the papers for the escrow company. __________________ "I'm completely in favor of the separation of Church and State. My idea is that these two institutions screw us up enough on their own, so both of them together is certain death." - George Carlin

01-29-2009, 11:05 AM	#10
smoothmoniker to live and die in LA Join Date: Feb 2003 Location: Los Angeles Posts: 2,090	4.875% Holy crap, we locked our loan this week, and it's at 4.875. That just seems like free money to me. Hell, a year ago our savings account was making almost that much! For those who are interested, here are a few better pics of the house: __________________ to live and die in LA

01-29-2009, 11:06 AM	#11
Radar Constitutional Scholar Join Date: Dec 2002 Location: Ocala, FL Posts: 4,006	Holy Hell that's a nice house __________________ "I'm completely in favor of the separation of Church and State. My idea is that these two institutions screw us up enough on their own, so both of them together is certain death." - George Carlin

01-29-2009, 11:09 AM	#12
kerosene Touring the facilities Join Date: Nov 2002 Location: The plains of Colorado Posts: 3,476	Beautiful, smooth. I am so glad it is working out so well for you.

01-29-2009, 11:16 AM	#13
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	wow!

01-29-2009, 12:43 PM	#14
smoothmoniker to live and die in LA Join Date: Feb 2003 Location: Los Angeles Posts: 2,090	The bummer with buying a 1934 house is getting insurance. The insurance companies are asking for proof that the roof, plumbing, electrical, heating and AC are all new within 15 years. We have no records of any of that. Also, earthquake insurance is a joke. It would cost us $3500 a year, there is a 15% deductible, and it only covers structural damage, not contents of the house. Basically, if our house gets hit by an earthquake, the insurance wouldn't even kick in until we had paid the first 90k out of pocket, and then it would pay for repairs to the structure, not anything for furniture, electronics, stuff of value inside. What a joke. __________________ to live and die in LA

01-29-2009, 01:29 PM	#15
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	Just wrap everything you own in bubble wrap and duct tape. That's much cheaper. __________________ My book My other book My spirit animal

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