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Friday, June 10, 2005

Money For Nothing

A long while back, I signed into an escrow-like thing called a First Down program in which I’d be paid a certain amount to be used toward a mortgage if I fulfilled minimum residency terms at my apartment. The minimum was to stay three years beyond the signing which would result in $1,000 I would be paid. In addition, I earn $333 for every year beyond the initial three.

As some of you know, I’ve been in the process of buying a condo (I’m scheduled to close on it this Tuesday) and have been working on the assumption that I’d be getting $1,666 from the First Down payment.

I just took a good close look at my copy of the paperwork and noticed I signed it April of 1999. Someone correct me if I’m wrong, but my math is telling me that April of 2002 fulfilled the initial three-year requirement, and this past April of 2005 is three more years beyond, which means I’m due $2,000! (Well, a buck shy of it, anyway.)

w00t!

» Posted by ALBj at 04:05 PM (ET)
Category: Journal

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