My father in-law is a dick.
Some back story:
Sarah, my wife, has always had a fairly strained relationship with her father, Mark,. He's been habitually using drugs, lives out of his van & blames any problems he has on everyone but himself. We've done what we can to help him maintain a relationship with his daughters, even making fliers for his in "home guitar lessons".
Mark's father was a doctor & his mother owned a publishing company which she sold for a substantial amount. Because of his unreliable nature Mark's mother was given control of his trust fund after his father died.
Back to the present.
Sarah and I found the PERFECT house to buy, AND at the perfect price. So we made an offer and, to our delight, it was accepted. The only stumbling block at this point is the down payment. We're going through the Federal Housing Administration (FHA) for the loan and need 3.5% down; roughly $5400. FHA requirements prevent us from using any kind of assistance program to come up with the down, so we thought to ask grandma if we could borrow it from the trust fund. She said her accountant wanted Mark's blessing first.
For at least 4 years we've been on VERY good terms with Mark and figured that was a walk in the park.
God
Were we wrong.
The only way he will consent to his DAUGHTER borrowing a small amount of his trust fund is if he is told exactly how much money is in the account, something he unsuccessfully sued his mother to find out. He even said that he'd approve of it if, when we got the refund check, we just paid HIM back in cash, presumably to get loaded. Well I told his mother this & now she's going to see her lawyer & find out if she can access the funds without his permission. Simply to further his own ends, he may have cost us the home of our dreams.
Some back story:
Sarah, my wife, has always had a fairly strained relationship with her father, Mark,. He's been habitually using drugs, lives out of his van & blames any problems he has on everyone but himself. We've done what we can to help him maintain a relationship with his daughters, even making fliers for his in "home guitar lessons".
Mark's father was a doctor & his mother owned a publishing company which she sold for a substantial amount. Because of his unreliable nature Mark's mother was given control of his trust fund after his father died.
Back to the present.
Sarah and I found the PERFECT house to buy, AND at the perfect price. So we made an offer and, to our delight, it was accepted. The only stumbling block at this point is the down payment. We're going through the Federal Housing Administration (FHA) for the loan and need 3.5% down; roughly $5400. FHA requirements prevent us from using any kind of assistance program to come up with the down, so we thought to ask grandma if we could borrow it from the trust fund. She said her accountant wanted Mark's blessing first.
For at least 4 years we've been on VERY good terms with Mark and figured that was a walk in the park.
God
Were we wrong.
The only way he will consent to his DAUGHTER borrowing a small amount of his trust fund is if he is told exactly how much money is in the account, something he unsuccessfully sued his mother to find out. He even said that he'd approve of it if, when we got the refund check, we just paid HIM back in cash, presumably to get loaded. Well I told his mother this & now she's going to see her lawyer & find out if she can access the funds without his permission. Simply to further his own ends, he may have cost us the home of our dreams.
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Sorry about your father in law