We got news this week that the house we'd put a short sale offer in on, might go to us. If we want it, we have to absolutely scramble and try to have all our paperwork done by 3/10. Yikes! Mostly that is closing the loan, escrow, building inspection, etc... so that it can be done. These short sales are weird... we definitely feel like we risk the whole deal if everything is not done the day the bank selling the house has specified. Additionally, we are trying to be sure BOTH banks owed money have approved the short sale price and to sell it at this (they have to forgive parts of the current owner's debt in order for it to go through). If that is not the case, then it might not be a go after all. We're blessed in that we don't have to have this house sold in order to do this, and that will allow us to move out, and do some projects here that need to be done in order to sell this house at the best $$$ possible.
In the meanwhile, I am even picking up the speed even more in cleaning. The goodwill will have to open a new store next week to hold all that I am going to be taking there! No matter what happens with the other house, it will be so nice to have breathing room in this one. Laura
Thursday, February 26, 2009
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