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Welcome @Pure1. Maybe reading some of the previous success stories would lift your spirits even more. 🙂
Your realtor should have access to it. If you still have a problem getting the PSL to fill, let me know here and I can send you the template I got from RED through my realtor.
What does your mortgage counselor say? If you got the email from NACA, I would say you are good to go but definitely follow up with your MC.
Since you are on a scheduled timeline now, I would suggest stopping by your local office to clear this up.
I am sorry to hear about your experience. I would look at it glass half full as they are numerous positive experiences from other people. I would suggest stopping by your local office and ask for an appointment. The reason I am telling you this is that I had to do it myself a few times since I didn’t get an appointment over the phone or email. Here is my journey from two years ago: http://forums.naca.com/?topic=naca-graduates-come-share-your-success-story#post-58825
I think you are on track. I assume you have done the inspection too. If not, that is a pressing issue. From my credit report inquiry till closing, it took about two weeks. See my story here: http://forums.naca.com/?topic=naca-graduates-come-share-your-success-story#post-58825
I can echo Sole8771 and Peapod0609 on NACA not being a SCAM. You can see my full story (and many others) here: http://forums.naca.com/?topic=naca-graduates-come-share-your-success-story#post-58825
Sometimes, if I had a question and couldn’t get a hold of my MC, I would drive to the NACA office which was 100 miles away, and clear the issue. I also suggest you do if there is any NACA office close by.
Hello, for me, it took 11 days to get the appraisal report. I received a report in the mail, pdf was also available in the web file. What does your MC tell you? You can see timeline here: http://forums.naca.com/?topic=naca-graduates-come-share-your-success-story#post-58825
Responding to questions on the forum would count too. Try to share your experience and help new members to navigate through the process.
Not sure what is your question here. If you are looking for the closing disclosure, the title company, the real estate company, seller, buyer and bank should all recieve a copy. If bank doesn’t have it, then buyer should help you with that.
I understand your frustration. For now, I would say pay your CCs, don’t open new accounts, no new debts, etc. Minimize the complexity of your financial situation. For example, keep only one or two checking/saving accounts. Before the ATD event, have all your documents in a folder with tags. W2s, bank statements, CC statements, any loan, tax return for the past 3 years, copy of rent checks, paystubs. That is all I can remember for now.
You may be able to get it reviewed prior to the 1 year mark once the bank gets a tax bill and pays it from the escrow.
I didn’t know a 5 or 7% rule even exist. By the way, I closed in August 2019 and brought down the interest rate to 0.125 using 15 year mortgage.
You may also need to contact the Permits, Licenses, & Inspection (PLI) department of your city in regards to any outstanding code violations. This is something my REHAB specialist told me to do. In the end, I just wrote a letter to REHAB specialist that no code violation is found and attached the response from the PLI department.
I agree with @nelsont. This happened to me as well. I was overcharged and after a year, BoA sent me an escrow evaluation letter and a check. Just keep that in mind since your property is new construction, you might get a hit in 2022 with a bigger tax bill compared to 2021. So it is not bad to save now.
Hello, sorry about your experience. Tim Trumble can weigh in but for the ATD event, you should be good to go as long as you have all the documents. Regarding the member services, try to https://www.gotomeet.me/NACALiveSupport and ask your question. They were very helpful when I contacted them today (and I closed in 2019). In case you want to know what to bring to the ATD event, this forum can be helpful too.