Friday, January 28, 2011

House Stuff

Well, we found a property out in Elizabeth that we really like. It is beautiful and huge and I keep asking myself what is wrong with it, that it is taking so long to sell. Well, today I got a glimpse of what might be the issue. The seller's end of things are taking ridiculously long. We made an offer and it was accepted right away. We were so excited! They had until the end of the week to get the short sale package to the bank and then the waiting would begin. Well, the end of the week came and they had a couple things they needed to get done and please give us till Tuesday to get the package in? So we wrote up an extension and gave them until Tuesday. Well, our realtor called today to say that as far as she knows, the package still hasn't been submitted to the bank. That is 2 weeks wasted and we can't get back. Knowing that banks can take 30-90 days (and more) to get back on if they "approve" the short sale this is extremely frustrating. We only have until the end of April before our lease is up which may seem like a long time but in actuality will be here before we know it. If we don't sign another long term lease then our rent will skyrocket to crazy amounts. More than we can realistically afford. So getting this process finished sooner than later will be in our best interest. After some discussion, we decided to give them one more extension (we really love the house.) Please pray that they will get their act together and get what is needed submitted to the bank ASAP. If they can't meet this deadline though, then we are going to get out of the contract and look somewhere else for housing. Please pray that God will guide our footsteps and make it clear what we should do. Thanks everyone!

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