Tuesday, February 24, 2009

Another punch in the gut!

Gabino just came in with a letter offering a voluntary separation package. We just put a freaking offer on a house. OMFG

Letter says there will later be involuntary reductions.

I am going to be sick.


Frank and Maria said...

Daniela, I can't even say how sorry I am--- having been through it in the past, I know how completely panic-striken I was with being laid off, and wouldn't wish it on anyone.

Where the house is concerned, that sucks, no other word for it. But, if you update your loan application with the new "salary" information, the mortgage company will probably deny the loan and then you shouldn't have any liability for the offer made (if the real estate person wrote the offer correctly).

Just wanted to make sure you knew that, so you didn't worry as much about having the offer accepted with a life change like this occurring.

If there's anything we can do to help, let me know....

Daniela6968 said...

Thanks Maria. The letter is company wide and the guys are all assuring Gabino that someone has to fix the hydraulics so, don't worry. Yeah, right!

Frank and Maria said...

So is the implication that if no one accepts the "voluntary" package and then is laid off, they won't get any type of package offering?

Daniela6968 said...

They sent a FAQ and voluntary gives you double what their Reduction in Workforce Policy does. Sigh.

fidget said...

oh no! we just white knuckled out way through this. luckily hubs survived the cut but who knows about next time..

I agree, if he takes it, you need to update your loan info and hopefully your earnest money will be returned