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 bank...so 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 best...you'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 them....it'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?

Home Buying Highs

So this finding a home to buy has been an interesting experience. I found one place and even put an offer in. The entire process was so unbelievably emotional I cried for two days and had no sleep. I never imagined that my emotions would go so nutty. It wasn't like I was attached to the place...I was just really SCARED! Buying a home is a HUGE commitment and honestly I never thought I would be doing this on my own.

After putting in the offer I waited, and finally found out today that the seller accepted another buyer. This flood of relief filled my entire being. Not because I didn't want the place, but because I found another place that I liked better and was such a better situation for me and my life style.

The economy being what it is, I found a foreclosure owned by Freddie Mac. A two bedroom condo that was surprisingly in good condition. When I looked this morning the placed desperately needed paint and new carpet. OK...fine...I can do that. Not even four hours later I am out running errands and I decide to drive buy the condo. There's a guy doing work inside so I go in...the place has been painted, new carpet layed, and new hardwood floors going in the living and dining room. The universe just gave me a tremendous gift...for that I am eternally grateful...I've been a very good girl!

My realtor spoke with the listing agent and no one else has expressed interest...the price is about $30,000 less than the comps for the area...again...thank you UNIVERSE!!! On top of everything, my payment is about $200 less than my current rent! So with NO FEAR I've put in an offer...this time there's no emotion...ok some excitement...but no tears...my gut tells me this is the right thing to do and that this place is so mine!

I'm still on my own in this decision. I do wish I had someone to go look with me and give me opinions, but being by myself is my reality right now. Maybe this is how it is supposed to be.

So now is the waiting game, then the inspection. The place is sold "as is" since it's a foreclosure. So will be holding my breath for a couple days. The adventure continues.