Friday, April 4, 2008

Comfort when they don't stand in need of comfort?

Last Friday I called my real estate agent to find out what the situation was on the house we are supposedly buying. Imagine my surprise when she assured me that this deal was not going to be like the last house deal we were involved in, where any little question we asked took weeks to be answered. Then she told me some tale about not having an executed contract, no preliminary title check started yet, and the house going active again in the MLS. I had no thought that this house deal was going to be anything like the other deal we were involved in. She reassured me that the deal was going to go through... WHAT! WHY WOULDN'T THE DEAL GO THROUGH? THEY WANT TO SELL A HOUSE WE WANT TO BUY ONE AND WE HAVE SOMEONE WILLING TO LEND US $$ TO BUY ONE?

It was one of those times when I was somewhat concerned because I had no thought that the deal was going to fall through. Because I was being told don't worry about it, it made me worry. I hate that. All I wanted to know was a rough idea for a closing date. It took until Monday to get that. Monday we were told the executed contract would be completed on or before Wednesday. It is now Friday and still no contract. Ugh. I know there are a lot of hoops to jump through when dealing with banks selling off foreclosed properties, but c'mon, the bank accepted our offer 24 days ago. And who knows how long it will take to go through escrow...

Then yesterday our loan officer called to "touch base". While my heart momentarily pounded, it seems that she was just calling to tell us that it is normal for the process to take this long and we just need to be patient.

According to the most recent reports we should be closing on or before 4/30... but we were also supposed to have an executed contract on or before Wednesday...

1 comment:

Traci said...

My goodness! I guess we should start buying a house now since we want to move in to one in a couple of years.