Tuesday, August 06, 2013
I am on the title of son#2's house, and he wants to refinance. He bought the house in 2006 (top of the market) and has gotten 3 appraisals over the last 5 years trying to be able to take advantage of lower rates. He lives in a rural area, and the appraisals all came in low. He isn't trying to take money out, just get a lower rate. Finally last June, an appraisal came in that he could use. That house is in my trust, so I had to forward the first and last pages of my trust to the underwriter. I told them I'd be happy to overnight both trusts (the original and the amended and restated trusts), but was told, no problem, just bring them to the closing. The bank has postponed the closing twice, and it is supposed to be done on Friday, the last day of the rate lock.
So this morning I find out they need both trusts in their entirety, faxed to them. At $1.00 per page. That's $50. What else could I do but fax them this morning?
With the kitchen reno and my condo board problems, this is the last thing I need, but my son needs it done so I do it. He and his wife have jumped through every hoop, now it's my turn.
Someone told me one time that any problem that can be solved with money isn't really a problem (his son died of cancer). I have to keep reminding myself of that.