Monday, September 21, 2009

Isn't FHA Supposed to be A Good Thing?

I wish I knew how to say, "Are you freaking kidding me?" in Spanish. I wonder if the effect is the same after the translation?

So I didn't get the house that I mentioned in my last post. The bank took another offer. This is the sixth offer I've made on a house! What is the deal here? I made a really good offer, $17,000 over asking price, asked for $5,000 in closing...a good offer...even the LISTING agent said it looked like I had the best offer. But no...apparently they were just...joking.

The listing agent said it was because I was going to go for an FHA loan. First time home buyer thing, you know? She said the seller wasn't sure the property would qualify. My first question is why have five of the nine homes sold in the same condo complex been sold to first time home buyers through FHA??? Why didn't my real estate agent ask that right away?

The seller is a banks look at the bottom line, that is why I bid so much over the asking price. I thought that was the smart thing to do (I've learned somethings in placing six previous offers). I did exactly what they asked me to do, even rushing around Saturday night signing an extra form for the seller AND getting pre-qualified through their bank....then they turn around and say NO to me?

It just pisses me off this is just wrong. I've sent my agent on a mission to find out why? What is their deal? I hope I get to talk to the bank guy who said no. My agent is afraid to be confrontational...he just accepts things....I let him know tonight that I didn't like that...not sure I will have this guy as my agent much longer. He doesn't have to be a pushy asshole, but I want him to go in and ask questions, fight with a smile for me...without me telling him what to do.

Every other offer I've been like, "OK...universe you know'll lead me to the right direction." This time I am truly pissed off. Not at the universe, but at the bank people, the listing agent, and my agent. None of them realize how personal buying a home is...especially when you plan to live there. To them it is just another name on a paper they've said, "no" to...the listing agent made a sale and the bank sold the property. My agent, well he has other clients, I guess. I think that is what pisses me off the most....these people are not seeing me as human...I'm just this faceless name on a paper in front of's just wrong!! I think I deserve to be treated like a human being even in a business transaction.

As far as the universe goes...I know you are leading me in the right direction...things are peaceful right now..thank you for that...but can you give me a clue...what am I missing here?

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