05/23/2013
[Jester] SINCE THERE HAVE BEEN SOME QUESTIONS… LET ME TRY TO HELP WITH THE PROCESS FOR YOU GUYS SO YOU UNDERSTAND A LITTLE BIT BETTER WHERE WE ARE RIGHT NOW...
[Jester] I WANT YOU TO IMAGINE THAT, AS WITH ANY COMPLEX PROCESS, THAT THERE ARE CERTAIN PROCEDURES THAT MUST BE FOLLOWED THROUGH WITH IN ORDER TO COMPLETE SAID PROCESS…
Jester] I’LL GIVE THE EXAMPLE OF BUYING A HOUSE… YOU PUT A CONTRACT ON THE HOUSE… YOU HAVE AN INSPECTION… YOU DECIDE EVERYTHING IS A-OK AND YOU SET A CLOSING DATE… YOU ARRANGE FOR THE FUNDING FOR THE DEAL… YOU ARRANGE FOR INSURANCE… YOU GET A HOME WARRANTY… ETC. ETC.
[Jester] AND THEN YOU GO IN TO CLOSE…YOU ARE READY TO PUSH THE BUTTON AND MAKE IT REAL NOW… SO YOU SIGN THE MOUNTAIN OF COMPLICATED CONTRACTS AND DISCLOSURES THAT THEY PUT IN FRONT OF YOU… THE BUTTON IS PUSHED…
....
[Jester] THEN THE TITLE COMPANY HAS TO FILE THEIR PAPERWORK AT THE COURTHOUSE… THE MORTGAGE COMPANY HAS TO GET THEIR PAPERWORK DONE SO YOU ARE FUNDED… THE INSURANCE COMPANY GETS THEIR CHECK AND PUTS THE INSURANCE ON THE HOUSE…
THE WARRANTY COMPANY GETS THEIR CHECK AND SENDS YOU THEIR PAPERWORK… AND THEN WHEN ALL THAT IS DONE YOU GET TO MOVE IN AND ENJOY YOUR NEW HOME…
[Jester] NOW DON’T GO START PICKING APART THE EXAMPLE BECAUSE IT DOESN’T MEAN ANYTHING AT ALL TO OUR DEAL… IT IS ONLY THERE AS A REPRESENTATION OF A PROCESS…
[Jester] NOW IMAGINE GLOBAL RESET… IMAGINE THE AFOREMENTIONED SCENARIO ON STEROIDS AND 100 TIMES MORE COMPLICATED… YOU HAVE NO IDEA HOW COMPLICATED…
[Jester] WORRYING ABOUT ALL THE DETAILS IS SOMETHING THAT DOES NOT NEED TO BE OUT THERE… OTHERWISE PEOPLE WOULD BE CALLING ALL OVER TRYING TO CHECK IT OUT FOR THEMSELVES… AND KNOWING WOULD NOT HELP YOU GET THERE ANY FASTER ANYWAY… AND IT WOULD MAKE YOU CRAZY LIKE I AM RIGHT NOW.. LOL
[jetjock] Jester true and thank you....and as with any process that is started after the initialiaztion button is pushed there are gremmlins that pop up and they have to tread water or start over again.
[SGD3] Jester So are we at the sign the papers part or wait for the insurance part?????
[Jester] WHERE WE ARE RIGHT NOW HAS BEEN REPORTED ALL OVER THE PLACE… AND THAT IS THAT THIS THING IT NOW UNDERWAY… THE BUTTON HAS BEEN PUSHED… THAT IS THE START OF THE PROCESS… THE CLOSING IF YOU WILL...
ALL THE STUFF LEADING UP TO THE CLOSING HAS ALL BEEN DONE… BUT THERE ARE STILL A FEW THINGS LEFT TO DO… AND IT IS UNDERWAY… SIMPLE AS THAT… THE TIMING IS A LITTLE UNCERTAIN… BUT IT IS COMING QUICKLY…
[Jester] HOPE THAT HELPS… TRY NOT TO MAKE YOURSELF CRAZY WORRYING ABOUT THE DETAILS… THERE IS NO WAY KNOWING SOME OF THIS STUFF COULD POSSIBLY HELP YOU WITH PUTTING THE TIME ON IT… WE ARE GETTING THERE… KEEP YOUR EYE ON YOUR IN BOX… SOON IT WILL SAY ‘YOU HAVE MAIL’... THAT IS HOW YOU WILL KNOW WE ARE THERE… TRY NOT TO FALL OUT OF YOUR CHAIR AND HURT YOURSELF… LOL
[Dinarblessed] ty Jester
[FrenchTexan2] Jester So sit back and wait cause there is alot to do?
[Jester] FrenchTexan2 PLEASE REREAD.. LOL
[spiritfilled] Jester Thanks brother..have closed many and yes ..it is a logistic situation that has to fall in procedure...Great Post...IMO
[FrenchTexan2] Jester The soon part tells me there is allot to do. Judgeing from previous soons?
[ezmuny] frenchtexan maybe we need to say it in french for you?? lol it is all just about done just waiting on the keys from the realter!!! lol wish she d hurry up and get here!! lol
[okrocks] Okie dokie then, we are at "closing" and waiting for our "keys"....
[Cartwright] JESTER - What is your opinion of my specualtion that the public announcement will not happen prior to Tuesday of next week. The banks don't want to be open over the holiday weekend and deal with the CE.
[Jester] Cartwright IF THAT IS WHAT YOU THINK IT IS WHAT YOU THINK... I THINK THEY WILL DO IT AS SOON AS THEY ARE READY...
[Jester] I AM NOT DOING RATE AND DATE... THERE IS A LOT GOING ON... THIS IS MOVING ALONG SWIFTLY...I DO NOT THINK IT WILL BE MUCH LONGER NOW... JUST KEEP THE FAITH THAT WE ARE GETTING CLOSER ALL THE TIME...
[munyhuny] Jester Different procedures needed for tier 3 than opposed to tiers 1 & 2?
[Spades] Most government agencies will be closed for the holiday
[Jester] Spades TYPICALLY THAT IS TRUE BUT THIS IS ANYTHING BUT A TYPICAL SITUATION...
[Robertprofessor] Jester Not a date/rate question, but the moving company is asking me how much longer I will need to keep my stuff loaded on the truck before moving in. rofl
[Cartwright] JESTER - I hope you are right and it is SOONER more so than later.
[Jester] OKAY... GOTTA BOLT... MORE TO DO... WILL BE BACK AFTER WHILE.... YOU GUYS TAKE CARE OK?
[spiritfilled] Jester yes and we have also been told of extended hours at the banks ...possible weekends , etc. so a holiday is no biggie ..just overtime for the worker bees...IMO
[Jester] spiritfilled HEHEHEHE....
[Jester] SEEYALATERBYE...
http://www.dinarrecaps.com/1/post/2013/05/jester-analogy-at-i4u-thursday-afternoon.html
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