Out Of The Frying Pan....
 

Things have been looking great. I finally find the perfect house for my family. I just entered into escrow to buy it.

Today my boss called me in to tell me they love my work, but they can't afford me anymore.

I will have a new and likely better paying job within a week or two, but this will screw up any chances I have for getting our house. I'm so sad.

I'm sorry for you Radar.

Ouch. Sorry Radar.

Holy Shit.

1. Say NOTHING to the Realtor or the mortgage broker or anyone else. This need not screw up your purchase if you keep quiet until you get a new job.
2. Stay positive - process the trauma later.
3. Call every IT recruiter in your area and ask if they have any reqs fitting your skills.
4. Scan the websites of IT placement firms - sometimes you can get lucky even in a bad economy.
5. Don't give up!

I am so sorry to hear this - it makes me sick.

Keep fighting, Radar. You deserve to own a home for your family.

One more thing - beg your boss for two more weeks.

Yeh really - keep your mouth shut and take the other job from your old boss. He offered you one right? Just fill out the paper and move on QUIETLY.

My boss is going to pay me for the next two weeks but I don't have to work so I can find a job. They are also going to keep my family on the insurance for 2 months and keep paying for my cell phone and Internet access.


I called my old boss and the old consulting company I worked for about 5 or 6 years ago and they are both interested. Of the two, I'd rather get the job with my old boss. He loves me and knows what I'm worth.

The problem is I just started the loan paperwork. If I can pull it off without losing the house, I'll feel pretty great. I really love the house.

I took a bunch of photos today of the inside. I'll post them.

Why do you have to tell the bank you've lost your job? If you do the bank paperwork while you're still technically employed by the company, you're not committing any kind of fraud what so ever, and to cover your own finances, just get another job as quick as you can.

There's really no reason why you should have to lose the house if you work smart on this.

Bloodyhell. Good luck with it Radar. Hope you can pull this one off!

Shit! Sorry bro.

That sucks Radar - very sorry to hear it.
I second, third etc etc the advice of the others to keep quiet and see if you can swing it anyway...
Good luck
(Guess there'll be no spare money for boob jobs now)

Damn. I hope everything works out for you Radar. Bad timing really sucks. Try to get your old boss to put you on as soon as possible. Make it will look like you were already planning on switching jobs.

I'd be hesitant to take on a mortgage under such circumstances. (YMMV) You don't want the financing yanked or the interest rate to be jacked up because of something in fine print on the contract. Put the closing date out beyond the point where you will start your new job, though, and everything should be fine. Good luck and best wishes to you!

Here's photos of the house I took yesterday before losing my job.

http://go2gym.com/images/house/House1.jpghttp://go2gym.com/images/house/House2.jpghttp://go2gym.com/images/house/House3.jpghttp://go2gym.com/images/house/House4.jpghttp://go2gym.com/images/house/House5.jpghttp://go2gym.com/images/house/House6.jpghttp://go2gym.com/images/house/House7.jpghttp://go2gym.com/images/house/House8.jpg

More Photos

http://go2gym.com/images/house/House10.jpghttp://go2gym.com/images/house/House35.jpghttp://go2gym.com/images/house/House12.jpghttp://go2gym.com/images/house/House53.jpghttp://go2gym.com/images/house/House11.jpghttp://go2gym.com/images/house/House40.jpghttp://go2gym.com/images/house/House43.jpg

Very nice place, Radar. I hope you are able to time this all ideally.

Purty place.

OMFG Radar! What a bummer! fingers crossed for you (and I'm with those that say, if you're confident of getting another job and you're still "technically" employed by your old employer then just keep fillin' in the forms and don't tell the bank ... yet).

nice radar. if you are 100% sure you won't have any gap in employment and you'll still be making the same there is no reason to pull the plug on this. Get your loan paperwork processed ASAP. If you move quickly you'll still have current paystubs for your job and the only thing most companies verify right before close is the balanced in your checking and savings accounts if that is where your down payment is coming from.

I'm sorry, Radar. I hope it works out for you. Keep us informed, eh?

He'll just use the illegal campaign funds he stashed, from under his mattress. :lol2:

Sorry to hear about the setback. While I don't expect that you believe in luck, per se, I'm wishing you good luck anyway. You may use it as you see fit.

Nice place Radar... can't wait to see pics after you move in.

I won't be moving in. I just got a call from my old friend/boss, and he says they won't be hiring anyone for about a month. So I called the real estate guy and told him I lost my job.

I'm sorry to hear that Radar. I know how excited you were.

Damn, that is a very nice place. I want it myself! (I love arches for some reason).

However, even if you can't buy it RFN, in this economy there is a good chance it will still be available in a month or two.

Failing that, it is almost certain that there will be plenty of nice places available at good prices for the next few years. You'll get something.

I know it sucks, but in the long run it's better than trying to trick the bank until closing and ending up with a house you can't pay the mortgage on. You did the wise thing.

Sorry to hear that Radar.

Karma?

[checks notes]

Major bummer bro. Keep grinding it out, you'll find something.

Sorry to hear it Radar. Hang in there.

I really like arches too. And I love that double sided fireplace. I would have to rip out all the carpet though and put down tile or bamboo floors, or cork. I like hard floors.

Radar, sorry to hear about the setback with the new job. That sucks. But Zen is right. The house will probably still be there in a few months. I don't know where you live, but the tunraround on selling a house is really long now. You might even end up getting it for a better price.

My wife likes hard floors too. It's the Vietnamese thing. She likes to sweep floors. I prefer the warm feeling I get from carpet. It also reduces sound, and you just vacuum it. It just feels easier, and more like the home I grew up in.