Suspense....

Since my last post, I found a weird little house on Woodland Ave, blazingly cheap. Dad came to look at it, and found too many problems. Back to square 1.

Later, I found a gem in the rough on Spring Street. Dad looked at that one too, and actually went to his credit union with the proposal! I could not believe he was willing to buy a house in his name, though I will be making all the payments, etc. The overall plan is for me to "buy" it from him when I get through all this mess and I am eliglible for a mortgage again.

However....

His credit union is less likely to agree to a regular loan, since this will not be his primary residence. They are more likely to agree to an "investment" loan, which requires 15% down plus all fees, etc. That is just far too much money for me to accumulate in a very short time.

But....

This is not a final answer, but it is what the loan officer advised is most likely. The loan officer is actually going to bring this proposal before the board of directors so they can make a decision as a committee.

I hate waiting. I hate that I have zero control over this outcome. I'm still preparing myself to move back with Dad.