"Living" in my new Castle on Wheels - RV-Dreams Community Forum

cherylbrv · RV-Dreams Family Member

"Living" in my new Castle on Wheels

TRAILERKING · RV-Dreams Family Member

AWESOME......See only a matter of time. Hope goes all smooth with your sale. Very nice of the sellers to accommodate. In this day and age can't trust people........Period.

Cindi · RV-Dreams Family Member

Excellent news!! Your adventure just kicked into high gear.

So very happy for you.

MarkS · RV-Dreams Family Member

You are on the precipice of the dream. Congrats.

BiggarView · RV-Dreams Family Member

cherylbrv wrote:
...- I didn't expect it to be a towering monster (DRV Mobile Suites)! Somehow, the RVs we saw at shows didn't appear so huge....

If you didn't before, now you'll be fully aware of all those bridge clearance warning signs that were in the back of your mind but never really gave them much thought biggrin . Can feel your excitement and anticipation all the way from here in Illinois. smile

...Placing ice in the bucket, corkscrew at the ready....

-- Edited by biggaRView on Thursday 12th of June 2014 05:10:30 AM

TheNewhalls · RV-Dreams Family Member

cherylbrv wrote:
Now we just need to actually buy it (closing, which were were told yet again would happen today, did not. Still no rhyme or reason being given by the buyers' lender).
Hoping tomorrow or Friday will be the day, but it's great to be in here. Such an awesome rig!

This is a serious matter and your agent should know exactly why the closing isn't happening. If your agent doesn't know then he or she needs to get their broker involved and put needed pressure on the sellers side. (I'm sure the sellers know why their not closing) You can't just keep moving the date for closing without a good reason or penalty. Your agent should also be able to tell you what your options are when the closing is pushed back beyond a certain time period.

Lucky Mike · RV-Dreams Family Member

Ditto on Jean & Eileen's post......somebody on your representitive end needs to get you a full answer and start imposing penalties before your the one getting in a fix.

hopefully today is the day that they do it and let go of the string so your dream balloon can soar!!!!!!!!

TRAILERKING · RV-Dreams Family Member

That's the scary thing. If the date keeps moving around there's basically nothing carved in stone. That said would be a bad situation living-in/taking possession of the "New Unit" and then getting word that something fell through on the house deal. One can end up with egg on their face in that situation. I probably would have made sure house was gone, cash-in-hand, and then move into the new unit.
Disclaimer;
I apologize in advance if came across to the sensitive types with a statement they didn't like.

BiggarView · RV-Dreams Family Member

We also agree with Jean & Eileen and Mike. It's likely it isn't going to turn into something more serious but.... lean on your rep to get concrete info to you on what's going on and act accordingly.

cherylbrv · RV-Dreams Family Member

My rep is my attorney. Buyer's attorney has no answer, and the title company (who does the actual closing) says the only answer they have from the bank is "we'll let you know when you can close."

Today my lawyer is submitting a "Time of Essence" letter which pretty much gives them 10 days from receipt of the notice (sent certified mail) to close or be sued for breach of contract.

I agree - if I were in the RV sellers shoes, I don't think I would be so kind and trusting. We are very fortunate that they are such good people.

I will continue to think positive - this WILL happen, we will not go into a suing situation. I'm told this is not at all unusual for this bank (Wells Fargo). The title company claims that the last 5 mortgages they closed with them, the same thing happened (delayed with no explanation other than "we'll let you know."

The Restless Youngs · RV-Dreams Family Member

I know NJ has some challenging real estate practices, but jeesh!! Here's hoping things get sorted our really quickly and you can really settle in and pop open the champagne!! Congrats and hoping for a super quick rescheduled settlement!!

WestWardHo · RV-Dreams Family Member

Cheryl, so excited for you in your new beautiful HOME. So frustrated with you on the closing.

We can only relate because the home we're buying was supposed to close on the 5th, then the 10th but we have been informed along the way so we know the whys! We don't mind either but we know it's a struggle for our wonderful sellers. There were two names on their mortgage and getting the other one signed off hasn't been easy.

Hope you close today and hug your sellers! 😄

Sherry

bigboomer · RV-Dreams Family Member

Cheryl,

Wishing so much happiness in that new home and we will continue to pray that you close on your s & b soon. Keep the faith....it will happen.

el Rojo and Pam · RV-Dreams Family Member

Sending more MOJO from Brittish Columbia. Hang tight Mitch and Cheryl. Who knows we may see you in Alaska.

Red

cherylbrv · RV-Dreams Family Member

Red - with all this heat & humidity, I'd really welcome Alaska right now!

Friday the 13th and still no news. The sellers are being patient enough and we have almost completely moved all our belongings in and put things away - totally set up house. But it would really be nice to know exactly what the holdup is at this point, especially since the lender already committed to a closing date twice. Is it just a matter of paperwork or something else? It would be really great if the bank told someone instead of their answer of "we'll let you know. I'm back in anxiety mode.

RVKevi · RV-Dreams Family Member

Wells Fargo is the worst! When we sold our house, the buyers went through Wells Fargo, and it was a frustrating experience, although not nearly as bad as your situation. And I've heard of several others who had bad issues with them, too. So my guess is that it is going to work out fine....eventually...sometime...finally...hopefully soon!

Joe_Camper · RV-Dreams Family Member

Wishing you the best, Mitch and Cheryl! It's sure great that the DRV owners are such good people. smile Hope everything is resolved soon and you can commence your dream. Unfortunately, I have a mortgage with Wells Fargo. I sure hope it doesn't mess me up. hmm

Camper Chronicles · RV-Dreams Family Member

That is so nice Cheryl that they have let you move in. Just another example of how wonderful this community is. Your close Cheryl!!! Very very happy for you

Jo and Ben · RV-Dreams Family Member

Not a fan of Wells Fargo either. Sure do hope this gets resolved on Monday, hang in there Cheryl, soon this will be behind you.

TheNewhalls · RV-Dreams Family Member

I did a short sale for a client that was underwater. It took 14 months and five buyers. Wells Fargo took so long to approve that four of the five moved on. The last buyer was an investor and stuck it out. Every time we got a new buyer the process started from scratch. All the information had to be updated and resent. My client didn't pay his mortgage during that time (not my recommendation). I estimate that Wells Fargo lost over $30k during that time.

WestWardHo · RV-Dreams Family Member

We're buying back the house we sold and closed on last August. When it came on the market again so soon, it was the right time for us. We contacted our Credit Union where we had the prior mortgage & had a good record and asked if the did VA Loans and do the have the ability to get electronic signatures. The answer was yes it just takes a little longer. We set up the Title company to handle the closing.

It turns out the Cr. Un. just brokers the loan so thru a different broker in Phoenix the mortgage is just ending up at the nation bank we use primarily! Could have saved us time if the Cr. union had been honest upfront. Each party requires different and more paperwork.

It seems buying back a house that we sold Less than a year ago raises red flags in addition to the normal, absolutely crazy paperwork required by the banks. The loan was pre-approved over two months ago and paperwork flying back and forth and still not closed. The VA home inspection was a breeze, not a single issue. Then a termite report was required and they checked one single box in a section for "Excessive Moisture" and below stating there was a water stain under the sink. Underwriter said that needs to be corrected before loan can go through! No moisture, just a stain! Grrrrrr....

Resolved that but let me tell you finding FedEx places, places that will fax, etc in small rural towns is challenging. The hardest part was copies of our 2012 W-2's that are in our storage shed in CA.

At least it's not Wells Fargo but we really do not like the idea of our loan being sold off which is why the credit union in the first place.

It's easier buying an RV for your home, I can tell you that!

Cheryl, it'll all be over soon. Hang in there!

Sherry

cherylbrv · RV-Dreams Family Member

The mortgage was already approved and all the inspection issues were resolved. The buyers were renters so we're not looking at their closing issues there. Nothing has changed, so it's really a complete mystery why the bank won't close when they say they will.

My attorney sent a Time of Essence letter which will be received on Monday. Basically it gives them 10 days to close before we sue them for breach of contract. Hopefully that will put a fire under the mortgage company. If it were me, I would be escalating this all the way up to the Chairman of the Board if I had to!

BiggarView · RV-Dreams Family Member

cherylbrv wrote:
The mortgage was already approved and all the inspection issues were resolved. The buyers were renters so we're not looking at their closing issues there. Nothing has changed, so it's really a complete mystery why the bank won't close when they say they will.

My attorney sent a Time of Essence letter which will be received on Monday. Basically it gives them 10 days to close before we sue them for breach of contract. Hopefully that will put a fire under the mortgage company. If it were me, I would be escalating this all the way up to the Chairman of the Board if I had to!

Just tell the lenders or whoever is holding up the process that my ice is melting and the champagne will go bad and that should speed things up! biggrin

Brian

cheryls-other-half · RV-Dreams Family Member

Well Here's the Latest:

It's now Tuesday, 9 business days after the original closing date.

I am SO SO SO glad we gave our attorney POA to sign for us (power of attorney).

I am SO SO SO sad, we didn't suggest to buyers a rent as long as you're fully insured and pay us double our mortgage rental fee.

I am SO so Glad that we are having this great "break-in" period before we have to worry about driving this monster.

But our Attorney is stymied, she has no idea why the other attorney is stonewalling her, or not even answering her certified mail letter.

Sigh. It'll happen. Good things come to those who wait PATIENTLY!

Mitch

manycats · RV-Dreams Family Member

Just to give you an example of the Bank you're dealing with: a person I know received a check from a brokerage firm, a distribution from his 401K account, deposited that check in his account with WF Bank, WF Bank received the money from the brokerage firm but refuses to let the person have his money claiming that the check (for which they already received the money) was counterfeit. Wouldn't a reasonable man think that if the check had been counterfeit the brokerage firm would not have sent them the money?

If I can avoid it, I will never deal with that Bank even if it were the only one in this state. I hope you have a lot of patience, there is no logic in the way they do things. Will keep sending good wishes your way and hope you get your closing soon.

BiggarView · RV-Dreams Family Member

My guess is, as soon as legal action is begun against the bank, it will suddenly find the offending paperwork and disburse the check. Imagine that. Nothing talks louder than money. In the mean time there's two champagne lovers eyeing that bottle.

NWescapee · RV-Dreams Family Member

I know you don't want to hear me say this, but you're getting close to tying our lengthy delays. A year ago we were supposed to close on June 28, finally closed on July 18th but funds didn't hit our bank account until the 19th due to banks closing on the East Coast before everything was processed on the West Coast.

Just looked at your blog, your DRV looks very similar to ours, which model/year did you get?? I know exactly how you feel when you walk in and it feels like home, such a great feeling! I swear I've seen that truck / RV combo, did the previous owners happen to be in Longmont CO last September when the flooding started? If not, there was a rig that looked just like that when we were all trying to escape the flooding.

Hoping the bank gets their act together, very, very soon for you guys.

cherylbrv · RV-Dreams Family Member

Thanks, Ruth!

The owners were in FL, so it was not them. It is a 2008 36TKSB3 and a Ford F550 custom hauler body.

It has been 3 days since they received the letter and still we cannot get any answers. I suppose no news is good news. The bad news is they have until 1:00 EST on Monday, June 23rd to close and if they don't, we can sue for breach of contract. Unfortunately, this does not mean we automatically get their deposit $ held in escrow. It means we have to hire a lawyer and go through the litigation process. It also means having to put the house back on the market.

I have no clue what we will do in that situation, but I'd rather think positive thoughts - that somehow there will be movement between now and then.

Everyone please send your good mojo thoughts our way. It'd be horrible if we've come so far, so smoothly, and have it all fall apart at the last minute!

RickandJanice · RV-Dreams Family Member

Mitch and Cheryl, saying prayers for successful closing on your current offer!! After everything going so smoothly, we hope this is just a snag that can be overcome soon.

cheryls-other-half · RV-Dreams Family Member

appreciate the positive mojo. The more positive mojo coming out will be helpful to our "karma" indicator.

el Rojo and Pam · RV-Dreams Family Member

Hoping everything comes together for you this week. We feel your pain and anxiety. Mojo sent from Haines AK.

Hang in there Cheryl and Mitch.

Red and Pam.

Penny and Paul · RV-Dreams Family Member

I feel so bad for you guys that the closing is so up in the air. I'm sending you the best mojo Illinois has to offer!

WestWardHo · RV-Dreams Family Member

Cheryl,

That lack of information from the bank is inexcusable. So hoping you get word and close soon.
You've managed to remain cheerful and that's 90% of the battle. Your new home is still awesome!

Sherry

cherylbrv · RV-Dreams Family Member

This is the 10% of the time. Crying myself to sleep tonight. I updated my blog.

jrzygrl64 · RV-Dreams Family Member

Cheryl - I just read your blog entry - all I can say is OMG! I am so sorry! Prayers going out for a quick resolution in your favor.

Bob and Lindy · RV-Dreams Family Member

Cheryl & Mitch, sorry to hear of your situation. We are praying for a quick & satisfactory resolution for you, so you can join us, all of us, on the road.

bigboomer · RV-Dreams Family Member

Cheryl and Mitch,

We will continue to keep you in our prayers and know it will work out. Keep positive!

Best wishes,

Les

WestWardHo · RV-Dreams Family Member

Cheryl & Mitch,

We're hoping a good night's sleep helped the tears stop. We're really sorry it's working out this way but your dream is not OVER it's just delayed for now.

Perhaps you can make a "rent" payment to the sellers of your rig? Perhaps you can put it in a nearby park? Perhaps you can get your house back on the market just incase this sale doesn't go thru?

So you made some decisions that in hindsight seemed impulsive; welcome to the club! Most of us have. Some of us more than once, but you've made many, many more good ones.

It WILL work out! You WILL be living your dream.

Sherry

BiggarView · RV-Dreams Family Member

Sherry's right, there should be some options open for you to tide you over. It's too bad it will hurt for a while and we feel your pain. This, too, will pass and I believe that from the bottom of my heart.

Just imagine that gigantic batch of lemonade you'll have when this is over. Oh, and that champers will still be here waiting to be uncorked.

Brian

PIEERE · RV-Dreams Family Member

I posted a comment of encouragement on your blog.

cherylbrv · RV-Dreams Family Member

After all this, just got word from lawyer that lender said we are closing on Monday!

If this isn't the biggest emotional roller coaster I've ever been on, I don't know what is! Let's see how it goes on Monday.

PD CFK · RV-Dreams Family Member

Must be those prayers working

I'll add some. Pat K

cherylbrv · RV-Dreams Family Member

PD CFK wrote:
Must be those prayers working I'll add some. Pat K

It absolutely IS. Believe in the power of prayer! Due to the circumstances, this is nothing short of a miracle.

Lucky Mike · RV-Dreams Family Member

Well the H a Pp Y Dance on monday will need a choreographer........it's gonna be like a"River Dance"!!!!!!!! (gonna have to get a doctors release for this one)

Im Praying for ya !!!! you deserve all we can give!!!!!

manycats · RV-Dreams Family Member

I don't know how to tap dance or clog but I'll dance a salsa, mambo or cha-cha for you. By the way, when you post your good news you can use ALL CAPS, it will be worth it.

Joe_Camper · RV-Dreams Family Member

Whoo Hoo! I'm so glad for you guys! We'll keep on praying for you until it's a done deal!

NWescapee · RV-Dreams Family Member

Yay!!! I think we'll have to put all those Arthur Murray Dance lessons to use on Monday night!!! Praying that all goes smoothly, can't wait to hear the good news.

el Rojo and Pam · RV-Dreams Family Member

Come on Monday! Gonna polish the dancing shoes.

Red

DebbieM · RV-Dreams Family Member

Ready and waiting Cheryl! I'll need a break from packing!