Thursday, November 5, 2009

Patience my Friends

So just to fill the people in who actually read our blog, the house process is still at a stand still. We were supposed to have the paper back from the "investor" which is who the bank answers to. Well it was supposed to be a quick 3 days max reply, which turned into about 2 weeks. By the time he finally decided to sign the last paper needed he realized that because everyone took the sweet freakin time, the appraisel on the house was more than 60 days old and ordered another one to be done because the housing market has "gone up" in the last 3 months. That takes about 5-7 days to get someone out to the house to do it and then we have to wait for the "investor" to sign again, and thats only if it appraises for the same it did before. If it appraises for higher, than most likely they will want to rewrite the approved amount and sale price and we will basically start all over, probably end up waiting another 2 months. We are hoping for the best and that things will come back the same...otherwise COUNT ME OUT. You might be wondering how we have been so patient to this point, well i havnt really been but i kind of have to be. At this point its saving us about $20,000 so i figure its worth it. But if it doesnt appraise the same, I only have so much patience and I am afraid I will have met my max, we will probably go for another unit in the area that is NOT a short sale...Man what would that be like? It was be a breeze.We should know what it comes back at within 2 weeks I am hoping, and then another 2 weeks or so for the "investor" to sign off. Luckily the housing tax credit was/ or is going to be extended so we still have that on our side and gives us a little more time. I guess we will have to be patient for 1 more month. I just hope we can be in a house by Christmas.

2 comments:

Chris&Amber said...

I hope you can be in a house by Chrismas too! and hopefully all this runaround and being patient pays off! Love you :)

RHouse of 5 said...

You're patience will pay off and I really hope it's by Christmas to!

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