The seller has signed our offer, and the signed copies of the offer are in the hands of her lawyer. Once they wend their way to my lawyer, I sign it, give the lawyer a $100 deposit on the closing costs, and then have to get that paperwork to the mortgage brokers to get the mortgage on the go. The closing date is set for August 18th, and I’m taking a week’s vacation to get this place packed and moved to the new one.
As for the closing costs, we’re depending heavily on selling one of those two computers mentioned earlier, however neither of them are generating the kind of interest they should be getting. My father’s agreed to loan me $500 until such time that one of them sells, or if they don’t, then until I can save up enough to pay him back. Hopefully the closing costs won’t be nearly as expensive as most other places, since there won’t be a title search, survey, or other such legal trivialities to undertake, what with it being leased land.
The fact that it’s leased land, though, gives me a different piece of paperwork to have to do — the lease consent form, that basically says the mortgage brokers are aware that it’s a leased land and are allowing it, and that the leased land owners do not have any claim over the house itself. This is turning out to be a bit of a hassle, with both the land owners and the mortgage brokers demanding the other sign first. I happen to agree with the mortgage brokers, on reading the text of the document — despite my not having a legal background, I can read high-level English and can usually get at least something out of the documents. It’s in the land owners’ hands now, having been faxed to their head office. Hopefully it doesn’t come back with another request to get the mortgage brokers to sign first, but we’ll see.