Fingers Crossed

As if we haven't been punished enough with the short sale process we wrote another offer last night. On a short sale. You would think by now we would have completely given up on those- and yet I find myself honestly hoping they accept our offer and we have the chance to move forward on it.

Almost like this terrible need to self inflict more stress and drama on our lives I guess. Maybe it's because I am so intent on doing short sale research that I want to know what it is like to experience a short sale for a different bank other than Countrywide/Bank of America?

So here's the low down on this one: the home is a single story home on half an acre. The lot is absolutely unbelievable. My husband was amazed when he walked out back and stunned when he peered around the side of the house and saw that the yard just went on and on.

We could put five swing-sets back there and still have room for grass. It has a swimming pool and spa- although I think the pool might only be three feet deep across the entire thing. It looked to us like maybe it was intended to be a volleyball pool. And that's ok too- usually we just like to float around in it and drink beer. The kids won't mind (at least for a few more years) that there will be no jumping into the pool.

The home? The home was beautiful. Decorator touches everywhere- from crown moulding to built in's galore. The entire house is done in tile (not something I probably would have done- but in this home not something that I mind). The colors even happened to match our color scheme!

Apparently the homeowners are getting a divorce- which is never a good thing. They have two children both aged within a few months of each of our children, which makes me sad for their kids because I know just how hard it was for Hayley to adjust the first night we spent in this strange new house. And while I am sad for their situation, well, I am also excited at the thought of possibly owning this home.

We wrote the offer last night and we went in aggressive. You might recall, being aggressive doesn't always get you the contract. The last contract we wrote at over 50k above list price didn't even garner a second look. We didn't go crazy with our offer this time but we did offer almost 27k above list price. In this case- that might be just the right amount. Our realtor has already spoken with the listing agent and so far of the three offers received the other two did not even come in at list price. We are hoping with all hope that our offer is the one they choose.

And yet, even with hope, we are also dreading starting this process all over again. This time the seller's two mortgages are with Suntrust. I have read some fairly positive stuff with regards to Suntrust's short sale timeline so I am going to hope it is accurate. I am almost certain that the process will be much faster than the other short sale we are still waiting on with Countrywide/BofA but we will see.

As of right now we just have our fingers crossed. The listing agent is meeting with the homeowners this weekend to present the offers to them and we are hopeful that ours will be the most attractive. Do we feel bad about writing another offer when we are currently under contract for one? Not one bit. If they hadn't jerked us around so much on the first contract we wouldn't have had any reason to doubt the transaction would go through- but with all the misinformation we have been given we honestly can't say that we think it will go through at the price we offered and we don't want to be left, eight months down the road, in the prophetic dirt.

Will post more info as we receive it on this latest short sale offer. Stay tuned!