Sunday, October 4, 2009

i knew this would happen...

I got a text message from my realtor yesterday:
"the folks [buyers] are getting nervous, per their realtor. i told her we would check with the bank again on monday"
first of all, i am checking with the bank ALLOFTHETIME!!!! i don't know what more i can do. they are a bunch of incompetent imbeciles, and there just isn't much i can do about that.
secondly, when we found out that these buyers wanted to put an offer in on the house, we were very up-front with them. we told them we were going to do a short sale, and we told them it would take longer to get it closed than a standard sale. much longer. i told my realtor to tell them at least 90 days. i hope he told them that, and didn't fudge it a little to make it sound better. i am going to assume he was honest with them and with me. we offered to sign a short term lease on the house so that they could go ahead and move in. i don't think their realtor ever went to them with that offer...she didn't think it was a good idea. she was probably right, but we were willing to assume the risk just to keep them from backing out.
third, they offered $205,000. we were asking $230,000. if the bank accepts their offer, they will be getting a steal! seriously, a STEAL!

i guess i'm just frustrated, because they have barely even given it 30 days, and they are already getting "nervous". i just know they are going to back out, and then we are going to be at square one, and facing a foreclosure. i cant imagine what that will do to my husbands credit. i checked it the other day...it has dropped over 200 points in 5 months. i guess it cant get much worse, huh? on a side note...i think its funny how it takes at least 6 months for good things to show on your credit, but bad things show up immediately!! i guess that's another gripe for another day!

1 comment:

  1. I am so glad you are able to post from a seller's perspective. We need to hear more from the sellers out there that are busting their tales trying to get these loans to the finish line as well.

    It is the bank that holds all the cards here. You would have to wonder why they can't get these closed any faster?

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