Gentrified Brooklyn

I know I haven't posted in a while but really there just haven't been much progress to report. We still haven't signed the contract as yet. My attorney continues to be concerned about the cooperative. He's actually reviewing the minutes from the cooperative board meetings tomorrow ( we want to ensure that the cooperative has a plan to increase the money in their reserves). As I've stated sometime ago, I'm disheartened that we haven't closed on a property as yet. I feel that now would be a great time to buy a home in Brooklyn, but I feel that I'm being priced out of the market. Gentrification is a term that's floated around quiet a lot, and it is nice too see a new restaurant, wine bar, yoga studio or gourmet supermarket moving into a neighborhood. However, it's maddening when the original neighborhood occupants can't afford to continue to reside in the area.

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I Got Pre-Approved!

Realtor.com So, I guess I’m really doing this now. After hemming and hawing for the last few months, I’m finally ready to begin the mortgage/home search. And what better way to start than getting pre-approved. Last week, I spoke to a mortgage consultant and after submitting W2, pay stubs, banks statements, etc, I got pre-approved for a mortgage. The mortgage approval amount is pretty much what I expected if not too aggressive for my liking. I’d liked to find a lower priced property than the pre-approval amount. Also, I’m not opposed to buying a property that needs a little work, I’m just not into doing any major renovation work. I’m moving cautiously but the bottom line is, I’m once again looking at properties. I’m really excited. I feel more comfortable, confident this time around. I'm a lot calmer. Maybe because I've been through this process before. I know what I want. I know what I need. I know where I want to be. I'm not intimidated by cost or pushy

Guest Bedroom Reveal!

I have a long to do list for my home. The problem is trying to priorities that to do list. Every item in my home was purchase, from the farmhouse chandeliers in the upstairs bedrooms to the doorknobs. All the door knobs. Furnishing a new home is quite expensive. Even though I am giddy and excited to get this home completely furniture and renovated, I have had to take a step back. I have had to just learn to live in a minimally furniture home. I love it. I love the bare walls. I love the space. I love the feel of not having clutter. On my last blog post, I showed some pictures of my kitchen and dining room, Today I want to share a few pictures from some of the other parts of the home. It's not perfect. I still need a dresser and a mirror but those will come in time. In the meantime, this is what it looks like.

Mortgage Loan Follow Up

Today, I was still pretty distressed about the mortgage loan denial. But I’ve been trying to put a positive spin on things, maybe it wasn’t meant to be. As I mention yesterday, my attorney had given me the contact information for a new lender who is now reviewing my documents (2 years tax returns, pay stubs, bank statements and student loan repayment schedule and the cooperative financials). At this point, I was looking forward to my HSBC denial letter as is required. After writing that long blog post yesterday, I had mentally prepared myself for yet more bad news from HSBC. But then I was stunningly surprised by the email I receive this Evening. The email was forwarded to the loan officer from the underwriter and copied to myself and my attorney. The email states as follows, “the borrower provided a document indicating that her student loans are currently in deferment until 2015. A deferment on a student loan for more than one year indicates that the borrower is still in school. U

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