Saturday, May 3, 2008

Life Update

Its been a long time since I blogged but I have my excuses, life has been crazy busy and I just haven't been in a writing mood.  Mainly its all about houses as Sue and I had put pedal to the metal and have been house hunting like mad. We've probably been in over 100 houses and probably evaluated 3x that many overall.  What a draing trip lasting a little over a year.

Last Monday, she and I put out an offer on a bi-level in Brick and now, after a surreal week of negotiations, we have a verbal deal in place, the owners were supposedly to sign the contract last evening, my realtor should get it today and off it goes to the lawyers for attorney review on Monday.  A lot can seemingly happen between now and clearing Attorney review, like I don't even know yet if the contract is signed, but we're guardedly happy and excited at this point but also know this can still fall apart.  You'd have to understand the negotiation to really appreciate why we're so reserved in our enthusiasm but I do have positive feelings that all of this will come to pass.  If it does I'll be overjoyed because its a really great house and one we couldn't have even taken a sniff of a year ago, the market has changed that much.

Obtaining a mortgage has been an adventure as well.  Financially Sue and I are solid with solid savings and credit history but like Tree mentioned, the downpayment requirements for a conventional have gone up.  Ocean County was recently designated a "depressed county" by the PMI companies so getting a mortgage with 5% down is out.  10% is now the minimum and while we could handle it, I didn't want to put down that much.  Sue and I switched from a conventional to a FHA since its our first home and are still putting the 5% down even tho we could have gone as low as 3%.  FHA can be troublesome to get approval on and putting down the 5% makes it that much more of a no-brainer on the approval so we opted to do that.  I have other reasons for putting down the 5% too, like simple saving that little bit more on the monthly payment. 

Anyway, today we should know about the contract so I'm hopeful.

I also hope we hear something about Matty who is also very much on our minds.  Hang in there buddy.

Cancer has reared its head within our family too.  Sue's dad has prostate cancer, diagnosed this week, and now he and my MIL have decisions to make regarding his treatment. My father had a scare back in December with his prostate but the biopsy came up benign but my mom, who is a retired RN, did a massive amount of research so our 2 families are now getting together to pass on this information so hopefully it will benefit my FIL.  Its been caught very early so his prognosis is good, its just a question of what treatment to pursue.

Professionally, life is good.  CFO magazine is coming out with an evaluation of 401(k) providers and did a special review of the web interfaces of my company, ExpertPlan, plus a few dozen of our competition.  Well, in the 2 areas they evaluated, Participant and Plan Sponsor access, we scored #2 overall in this review and its a major thing for me since this is basically an evaluation of our front-end interfaces which my group develops.  Go us!  Hopefully it means a promotion for me at some point. ;)

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