Holy crap, we have a mortgage

Has it really been 3.5 months since I’ve written here?! Sheesh. Last time I posted, I was bitching about being under contract for a condo. I am happy to report that we. has. condo.

Our persistence paid off and we are officially homeowners! I feel so adulty nshit. Paying the mortgage for the first time a week or so ago definitely hurt, but the pros outweigh the cons. We have a lot more space, a dishwasher, and instead of crossing a courtyard and descending into a creepy-ass, water bug infested basement to do our laundry, we just go down one floor. It’s lit! (I know that phrase is overused, but I don’t care.)

This place was built in the 1920’s, so there are lots of quirks, but we love it here. The boiler in our building was recently replaced and there were a couple days without heat, buuuut those repair costs come out of our HOA fees so I’m not super worried. Part of the reason we wanted to get a condo is because we didn’t want to do yard work, or have to pay for every single little thing that needs fixing. The windows here are old, (our unit has 20 of them: GASP!) but apparently the coop board is considering financing the cost of replacing them in all the buildings so that’s a huge relief. I’d rather pay for a fraction of the cost than the whole enchilada.

Other quirks include figuring out how to dispose of bulk trash sans car (read, Wayfair furniture that was damaged during shipping) and having to wear earplugs to bed some nights because radiators can get pretty fucking loud when the pipes are old.

All things considered, we’re thrilled to be here. We wanted to stay in the city really really REALLY bad, which can be hard with the real estate prices in DC. I’m glad we stuck to our guns. This old place has beaucoup potential. We’re enjoying polishing our little gem.

“Is there a support group for this yet?”

That is the question I posed on Twitter today.

 

Attempting to purchase a Fannie Mae HomePath property has been one of the most stressful experiences of my existence.

Let me start off by saying that I didn’t know that the condo was a foreclosure at first. My realtor assured me that all foreclosures are not created equal, and that this property would be a good investment. And so my husband and I proceeded to make an offer, which was promptly counter offered, so we accepted, and then waited for the pieces to fall into place. And waited. And waited. And WAITED…

Come to find out, the property had title issues that were not taken care of when it was first acquired by FNMA. And so here we are, two months later, still waiting for people to send documents to the underwriter, pay the condo fees that were owed by the previous owner, and generally get shit together so that we can actually buy the place. I have cried, gotten my hopes up, yelled, prayed, given up, and vented several times over the past few weeks while tentatively decluttering and packing up our current apartment, bit by bit, in the hopes that things will work out. We have rescheduled the delivery of our bed and couch, cancelled our address change, and given our landlord mixed messages a few times as well. All this to say that, be careful when you go house hunting, and take extra precautions to make sure you have a backup plan. We are blessed enough to live in a place where we only need to give our landlord 30 days notice, and my job is quite flexible when it comes to accepting PTO requests. Some don’t have it this easy. I’ve heard stories of people staying in hotels for months, only to end up walking away empty-handed. Tread. Carefully. And if at all possible, steer clear of Fannie Mae. She’s fickle as fuck.

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