Not only am I moving my my sisters are still on a hunt for a new home themselves. They thought have hit a snag. They have to find a new Mortgage Lender since they now also have to have a lawyer involved since the two buying the home are not married or related to each other in any way. This makes sense to me since any of the 4 could walk away at any time and leave the rest of them screwed. The two boys could also sell the home out from under my sisters if they wanted to also, that there is still nothing they can do about as they will have no owning interest in the home.

I tried to tell them there would be a lot more to it then just walking into a bank and getting a loan. They also now have to come up with a down payment since they are switching lenders. They didn’t need one before because of the bank they were using. I think some of this also has to do with a crackdown on bad lending practices and the mortgage mess. At least things are changing even if it makes it harder for them. I look at it this way, if they can’t afford it they probably won’t be able to do it now, a good thing being thats what brought on this whole mess in the first place, people couldn’t actually afford what they were buying.

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