In line with every experience we have had with this transaction, the lender did not fund the loan nor did the house record on Friday as it was supposed to. This time it was the fault of the seller (the bank). Escrow requested a signature on a few documents at 10:30am from the seller and it took them until 4:30pm to sign them and get them back to escrow. Since it was their fault this time, they agreed to waive the per diem penalty for not closing on time up until Tuesday.
Even with all this going on... there is actually light at the end of the tunnel.
According to my loan guy, the lender and escrow now have everything they need in order to fund today and record tomorrow. I would not be suprised if there was some sort of obstacle preventing this from happening when it should, but I really can't imagine what else could possibly go wrong.
My dad is going to start painting again starting today, even though it's not our house yet. We're at the point where we can't just keep putting our lives on hold and my dad can't just keep rearranging his schedule whenever somebody drops the ball completely outside of our control. Being that the loan is supposed to fund today, I don't see it being a big problem even if they do find out that he's doing work on the house but let's keep our fingers crossed.
-David
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