This is a fost/adopt blog. Really. In spite of the fact that the fost/adopt process is still in its nascence, and also in spite of the fact that I rarely blog. I thought I'd take a moment to give you an update on the whole shebang.
We have turned in a great big pile of paperwork, but still have another great big pile, including our autobiographies, to go. We have a meeting with the agents on April 15, by which time we hope we can have the rest done. We're also hoping by then to have some more definite information about the house we want to buy. We aren't worried about anybody else grabbing it before we can get there - it's way out in the sticks, almost an hour from the edge of Richmond, the asking price is ludicrous (10% over assessment, no we're not going to pay anything remotely like that) and nobody but us has even come out to look at it since last May. It's new construction on 9.5 acres, still owned by the developers, and none of the other four much larger lots in the tract are so much as cleared.
We're very excited about the house and we expect that sometime within the next six weeks we'll be ready to make an offer on it. We'd love to move sooner, but... see the problem is that we aren't people who like to live on credit - I haven't had a credit card since the first $500 limit teaser card I got my first week at college, and I cut that up before I graduated. In the nearly fifteen years B and I have been together, we have had... wait for it... zero credit cards and exactly one car loan and one student loan. That's it. Until the little Versa I'm driving now, we've bought used cars for cash. Except for the student loan and me putting my foot down when the '81 Toyota MR2 gave up the ghost on I-195 (in all fairness, we paid $2000 for that car and put 100,000 miles on it at over 30 mpg highway - it was a deal), if we don't have the money on hand, we don't spend it. Which means that our credit sucks because there's not much positive to report on it.
So... six months ago when we decided that this is the year to buy a house, we not only went to work on that whole down payment thing, we also went to work on putting some positives in our credit history so that we could get a better rate on a mortgage. Since our lease isn't up until the end of July, it made sense to take our time. Sometime in April, early May at the latest, we should hit our goal number (we're 10 points away right now) and then we get the pre-approval, make an offer, seal the deal (refinance the car while we're at it) and get our move on. That's the plan. And I'm happy to report, it's on track.
I'll let you know as soon as there's anything else to tell.