Friday, June 6, 2008

Loan Documents and Down Payment

The loan documents were FINALLY prepared on Wednesday afternoon. Yesterday at 7am, Kelly and I met a notary at Starbucks in the Tustin Marketplace and signed all the documents. We delivered the signed documents to the escrow company and the escrow company sent the documents by courier down to the funder in San Diego. The funder received the documents at 10:15am. We wired the remaining balance of the closing costs to the escrow company yesterday afternoon and now it's just a waiting game.

My loan guy said it would likely be today that it would be funded and recorded, but it all depends on how quickly the funder gets through our file. I called the escrow company this morning and they have not yet received the wired funds.

Hopefully they get them soon and we can get the ball rolling to be able to take possession of the house today. I'll keep ya'll updated.

-David

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