17 February 2009

Fifteenth Time's the Charm

The Final Week of Escrow


I'll be honest with you, I don't really understand escrow. I've been sitting here, twiddling my thumbs for three weeks waiting for them to say, "okay write the big check."

In the meantime I've signed stacks and stacks of paper - most of which they tried to send via overnight courier for $30 a pop. I insisted on UPS ground which gets it there at the same time for one-fifth the price.

Seriously people. This too old school for me. I know these documents are important, but the fact is: I don't get to make changes to them anyway. In the end, I have to sign. So why not do this interweb style and just have an "I Agree" check box and a "next" button.

After clicking "next" a screen would load where you put in your bank account number and it sucks all the money out of your savings account. Voila. Done. Same as escrow but in a fraction of the time.

Finally the big day has come. With four days left in escrow ...

...I wired over the down payment today. Moving day is next Saturday, so, in two weeks I will be installed in my new place. Here's what it looks like.

I plan to rip up the carpet and put in tile. That's about it right now.

A really nice lesbian couple owns it now and they did some nice upgrades. I feel bad they got foreclosed upon. They paid $145,000 more than I paid for this place (and not that long ago).

Oh, and if you're wondering what the subject line means - this is the 15th place I've lived in ten years. Mom writes my address in her address book in pencil.

1 comment:

Carmel said...

Interest is a bitch. At least it'll be a while (most likely) before you move again. Wow...a real homeowner. Amazing you were able to get a loan in this economy! Congrats!