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smileygirl

Why is this happening???!

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by , 08-18-2007 at 04:14 PM (378 Views)


A few months ago, it seemed like everything was going perfect. Building a new home, a prospective job opportunity for dh the second he graduates and is licensed. It's all falling apart at the seams and I feel helpless.

The house- this is the SECOND house that we've started building in the past 8 months. The first one was going to be completed too soon (months before we were moving back to AZ), so the company allowed us to move to a smaller house in the same development with no penalties. Everything going great with this new house, building schedule right on target with when we'd be moving. I was finally starting to feel really excited about "our" house. Last Friday, our loan officer calls and says that the loan we needed to be able to get the house is no longer in existence. The mortgage market is basically going down the tubes because of so many foreclosures. There is no other way we can qualify on our own (because we are in grad school and don't have an "income"), so that means no more house. We have to back out again. I can't believe it, I really can't. This is twice in four months that we've "lost" our house. Plus, we lose ALL of our earnest deposit money ($6500) that killed us to put down. I guess that means we'll be living in an apartment AGAIN for another year. We're already bursting at the seams in our two bedroom apartment here and I'm sick of throwing money away each month on rent. I want to be stable, know where we're going to plant our roots. The twins start kindergarten next year and I really want to be in something before then. I guess next time, I'm going to have to hope for the worst until we actually have the keys in our hands.

The job- Dh has done an awesome job of networking with ODs since his first year of optometry school. Every time we were in AZ, he was meeting with docs, visiting their offices, getting to know them. One opportunity in particular seemed to be especially promising. Dh met with this doc several times, back in February we all went out to lunch together (me, dh, the OD and his wife), they invited us to their home, everything was going well. This doctor told dh flat out that he was interested in selling his practice in July of 08 *wink, wink* which is when dh will be licensed to practice. They talked very candidly, like, "This will be your office..." and "When you do this or that..." which made me feel like it was a for sure thing. It's pretty much the most ideal situation you could run into after graduating optometry school- finding a doc that's ready to retire and sell their practice. Fast forward to May. Dh meets with this OD again and out of nowhere, the OD tells dh that someone else is interested in buying his practice. WHAT?!??! NO! Dh met with him again in June and it was still the same story, but no negotiations had taken place yet. Dh has been in touch with the doctor since, letting him know that we're still interested should things fall through. I guess the buyer was wavering and so we thought we still might have a chance. Well yesterday, the OD calls and says it's pretty much a done deal. This other guy is buying the practice. I know technically we shouldn't have gotten our hopes up since dh won't graduate for another 9 months, but man! This really was the ideal setup! I have no doubts that dh will be able to find a job after he graduates, but this really would have been perfect. A day late and a dolalr short, I guess. *sigh*

I know this is really long, but I just need to get it all out. I'm getting having some major anxiety about moving back to AZ, and not in a good way. For the past three years, we've known what the next step was. We've known what will be happening in the months to come. Now, we don't know where we're going to live and we don't know what job dh will have after he graduates, nothing. And I thought we all had it figured out a few months ago. It's very hard for me not to have any control of these major things in our life. I just feel lost, like I have to wander around until something comes up. I really don't like this and feel like my hopes and dreams have been dashed in a few short months. I know this probably isn't a big deal in the long run and in a couple years, I'll be looking back thinking, what was I worrying about? But for now, I have a very narrow view of the road in front of me. I just have to trust that the right things will happen and we'll be where we are supposed to be. Why is that so hard?
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Comments

  1. Jneidha's Avatar


    Look at your contract with house again and see if the contract says that it is contigent upon financing. Since you aren't able to get financing then maybe the builder will give your deposit back. It really isn't your fault that you can't get the loan.

    I'm sure it will all work out! Hopefully for the better for you and you get your money back and maybe an even better situation comes along!
  2. Caligal's Avatar
    I am so sorry about your home and about your DH buying the practice! Just wanted to send you some Hugs! Things will turn around for you! Good Luck to you both!
  3. Robbie's Avatar


    Sometimes we don't know why things workout the way we do. I've had many things happen in my life where I've questioned it only later to see "why" it didn't work out that way. It was always for the best even though I didn't think so at the time.

    There must be a better practice waiting for your DH and a better house around the corner.

  4. burra's Avatar


    It might not seem like it at the moment, but things have a way of turning out in the end. Big hugs in the meantime
  5. Christina~FL's Avatar
    I'm sorry Lindsay! I can understand the anxiety you must be feeling. I agree with Robbir...something better is waiting in both departments Chin up! Hang in there.
  6. pattycakemom's Avatar
    Lindsey I am so sorry. I do agree with Jenny that you should be able to get your money back. Last year when we were going to buy a house and we backed out b/c our payments were too high. We ended up getting all our money back. As long as the request is sent in on time. Please check into it.
    I HBTDT I know how much it really sucks for everything to be up in the air.
  7. b1ueeyes76's Avatar
    I hope that this all just means something better is coming around the bend!!
  8. Jenni in TX's Avatar
    I'm so sorry you're going through so much turmoil! I'm a mortgage loan officer (sucks to be me right now!) & I agree w/ Jenny. Most RE contracts say your earnest money will be returned if financing falls through. Good luck. I hope things work out for you with that.

    I'm sure it will work out with your DH's job situation. It will all work out the way it's supposed to be. Just keep the faith!
  9. Twins_Squared's Avatar
    :hug: this is where your faith comes in....just hold onto it and know that new opportunities WILL happen.

    In the meantime, I am so sorry about everything. I can only imagine how hard and stressful this uncertainty must be.

    Regarding your home, new home builders are usually VERY flexible about deals falling through and I think with some negotiations, you should be able to get all of your funds back. My Dh and I were in escrow on a new construction home in 2002 and due to my allergies (the home was located in a more rural area), we backed out of the deal. We got all of our money back. I'm hoping you'll be able to do the same.
  10. ChrisNY's Avatar
    Many Many Hugs. I truly hope that brighter days with more stability are in your future.
  11. PrincessBride's Avatar
    I, too, think you should be able to get your money back! But, I don't know anything about that process (unlike Jenni); I'm just thinking in the customer's best interest. Man, I can't even imagine losing that much money!!! I hope you get it back and things will work out. I think it helps to journal this as you are. Later you can see how it all came together!!
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