Speaking to MPA, Stoy explained why the family had decided to undertake such a long, arduous journey in the middle of the pandemic. “It was expensive for them to buy in California, but as his job allowed him to work remotely, they decided to come to the east coast, where it was more affordable,” he said.
The next chapter of the story would take exactly 110 days to play out, from first contact to its happy denouement. The first problem was finding an appraiser who would take the order, as the home was in a relatively remote location.
“It took forever to get the appraisal done. Then we had to go to a second underwriter because it was a USDA loan,” Stoy revealed. “There were many delays, and of course we wanted to get them out of that RV as soon as possible.”
Picking his way through the borrower’s income structure was also a mammoth task. “Getting the income understood upfront about how he worked for one company but was paid through two different W2s meant we had to work with the underwriters to overcome that challenge,” he said.