Progress!

[ultrarunner]

Yep I had a Wells Fargo Checking Account and wanted to cash a check at another branch and was told I had to pay a fee since it was not the branch where I opened the account…

I said let’s see if I understand and the teller then asked if I still
wanted to proceed…

Said I changed my mind and would like to close my account and did.

The only thing I miss is the Stage Coach graphic on the checks…

 

[Torvy]

I forgot in my frustration, there was some good news, too. The rural water guys installed our meter. The power company has to wait for the builder to put up their temp pole...and that has to wait for the bank.

 

[EddieWalker]

Can you buy and install your own temp power pole? McCoys has them in stock, I saw a few in there last week.

Looking at their website, a 16ft pole and 200 amp meter box costs $700. That's a lot more then I ever paid for one. Seems like they where under $300 not too long ago.

McCoy's Building Supply

 

[EddieWalker]

Can you buy and install your own temp power pole? McCoys has them in stock, I saw a few in there last week.

Looking at their website, a 16ft pole and 200 amp meter box costs $700. That's a lot more then I ever paid for one. Seems like they where under $300 not too long ago.

McCoy's Building Supply

 

[Torvy]

Thanks. I could, but it is already part of our construction contract. I don't need it until they get the garage up.

 

[Torvy]

Well, wife spoke with a manager today. Got them more investment data and they added that she needs to actually draw on her retirement at the same level she had income while working. Remember, her job already paid her through December. So this hoop is going to cost her a huge penalty and be taxed at a higher rate since we will have full income this year plus this unnecessary withdrawal.

I checked into some alternative banks, but they wanted 4+ weeks just to get where we are now. One tried to blame it on the title company...I know better.

 

[Torvy]

Oh, and they wanted us to pay off our car that is at 0% to lower the DTI...idiots still don't seem to understand that we have more than enough investments and equity in our current home to pay for this 3-4 times over. Paying off the car would cost us in lost investment revenue. At least that one she talked them out of.

 

[ultrarunner]

Yep… often does not make sense but they also know many have little choice this far in if they want to fund…

Only onetime have I been satisfied with an institutional lender and by that time I was jaded but credit union did exactly what they said and when they said with zero surprises…

It’s amazing what can happen if you don’t need their money as described below…

A well off friend quite happy with his home inquired about a new upscale development that his wife was very interested in…

At the closing table the price was several thousand higher and the interest rate and fees higher…

He pointed this out and was told these were market adjustments and he countered the builder was late…

Anyway… he said not acceptable and was told he would be out of contract not signing.

He made two calls… one to his bank asking for a cashiers check and another to the lawyer…

Amazing how it all was sorted in 24 hours to his satisfaction…

 

[WM75Guy]

Well, wife spoke with a manager today. Got them more investment data and they added that she needs to actually draw on her retirement at the same level she had income while working. Remember, her job already paid her through December. So this hoop is going to cost her a huge penalty and be taxed at a higher rate since we will have full income this year plus this unnecessary withdrawal.

I checked into some alternative banks, but they wanted 4+ weeks just to get where we are now. One tried to blame it on the title company...I know better.

Draw for 1 month to close. After you close quit drawing on the retirement if you don't need it. I doubt they will keep track.

 

[Torvy]

Draw for 1 month to close. After you close quit drawing on the retirement if you don't need it. I doubt they will keep track.

That is the plan. We still have to eat thousands of additional dollars of cost for that one early draw. It wouldn't be so bad if it were not for everything else also coming in over budget. The only saving grace is that despite the housing bubble on the way, the DFW will feel it less as we still have an influx of professionals from other states and our school zoning is highly preferred.