Mortgage Meltdown

Some of you know that I have put in an offer to purchase a condominium in Denver. Before I made the offer, I had my broker’s assistant sit down with the loan originator to look over my credit reports, FICO scores, income, debts and bank balances to see if should go forward. The originator, a branch manager for Wells Fargo in Colorado, said it should be no problem.

So, based on this recommendation, I plunked down $2,000 of earnest money and made an offer. The builder accepted the offer and the ball began to roll. Now, almost six weeks later, I still have no answer from Wells Fargo as to whether I am approved or denied. In the meantime, I am literally sick to my stomach, sleepless most nights, and fed up beyond belief. I have given them every possible piece of documentation, save the photos from last summer’s uneventful colonoscopy. But hey, if they want those, they can have those too.

Bottom line is that I don’t feel like the deal is going to go through, and frankly at this point, I don’t really care anymore. There are plenty of other places to live. I hope to hear something this week, but I’m not optimistic about what the news will be.

So, if the deal falls through, should we go to Denver anyway, as planned? Or should we go back to Las Vegas where we feel most at home? What do you guys think?