August 12th, 2009

Cthulhu Joyce

(no subject)

iPhoneography
Swirly Chairs

After those links yesterday, I'm convinced you can take great photos with the iPhone. I'm going to learn how. :)

So. The house? Short sale. The seller agent didn't disclose this until 9 minutes before our contracted deadline. Douchenozzle much?
Regardless. We did a lot of reading last night, spoke with our agent, and are looking into the sale details. namely, we want to see if the bank has not approved the short sale, if there are any liens on the title and if multiple lenders are involved with the money owed on the house.

If none of the above apply, the sale will likely happen... albeit slowly. If any of the above apply, we're probably going to walk.

Our agent is confident that we can get this wrangled before the Dec 1st cut off for the awesome tax credit. He's annoyed and has no problems with leaning on the seller and bank as necessary to get this done.

I am... skeptical but coming to terms with the potential length of this sale. Which, actually, could be good as our lease doesn't end until May. Though we'd lose the awesome credit.
It's a great house, though.

So. We'll see?
--
Edit:
The bank is Well's Fargo.
The title is clean - no liens.
There is only one mortgage on the house.
Um... not sure of the bank approved the short sale yet.

Sooo.... we're writing in a clause to the offer that essentially says we get to walk if someone else accepts our offer on another house.

Various people in our agent's office says we could likely get this done before Dec 1; however, the bank gets to set the close date. Which would be very annoying if we were in France at the time. :)
It also means a scramble to move depending on when they set closing. And extra interest payments on our loan if they set closing early in the month.

This is nutty.

Pardon me while I try to crowbar some of the power away from the bank!