Wednesday, December 26, 2012

An Overlooked Hell?

Mrs Elliott and I just re-financed our house. We got a new loan at 3.125%, which is pretty darn good. 

We signed the documents this afternoon. I can't count how many times I've found myself in a title company office, signing my name over and over. It's a tedious and fussy affair, one that seems to go on forever. 

This time, it occurred to me that Messrs. Kafka and Dante completely missed a (respectively) subject for a short story about soul-crushing bureaucracy or a typically gruesome circle of hell for Christian sinners: The loan docs signing hell.

An eternity of sitting at a desk across from a loan officer who takes from a stack of papers a document to be signed and dated here here and here; she describes its intent and function with great attention to accuracy and detail. It is never, ever interesting.

You sign and initial it here here and here, she inspects it for errors then places it atop a stack of previously signed documents. No matter how many uncountable thousands and millions of papers you sign, the stack they are placed on never grows any taller.

The next document to be signed in taken from the top of another stack which never grows smaller and slid to you to be signed and initialed here here and here. 

Wash, rinse, repeat. Forever. 

We lowered our monthly payment by $300. Which is not chicken feed.

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