The papers were emailed, signed by Heather & I and faxed back this afternoon. After an entire month (plus 3 days, but who’s counting?) we are out of Attorney Review and free to actually go ahead and try to buy the house we’ve been trying to buy for the past month and a half!
Where do we go from here? Well, as I understand it, the seller’s attorney will attempt to negotiate a “Short Sale” with the seller’s bank. This is necessary because the home was *this* close to foreclosure and it’s no longer in the hands of the people who were actually living there.
So, will the bank decided to cut their losses and sell it to us for less than the prior residents owe? That’s anyone’s guess. All I know is that it’ll be at least a month before we find out. In the mean time all we can do is sit back and watch the interest rates climb forever skyward. Every week they delay it costs us a grand. *sigh*
Buying a home sucks but we’re one step closer to owning.
Great. Once you’ve bent over real good for the all the ass-hat fees & government imposed costs you’ll finally own land and be able to vote! Try not to vote in any more f’n lawyers though. That’s how Jersey got into this mess.
Why are you guys losing a grand a week during the house settlement delay? How’s that possible?
Don’t think about it…keep adventuring to keep your mind off it Henry.