- 3 years ago
- Wedding: June 2012
I’ve been moved in to our new home for a few weeks now, but I am just getting around to posting this. I don’t even know if this story can be used as a warning, because it was such a shit-show..lol I mostly just want to type this out to get things off my mind…if you can read it all, good for you! It’s a long one!
So, DH and I have owned a home for 4 years. After DH starting his own (electrical) company, and having DD, our split-entry home was getting to be too small. We’ve been casually looking at homes for 2 years, and this March we put our house on the market.
The housing market here is bonkers right now. LOTS for sale. We didn’t hold our breath that we’d sell our home..and were so excited that after a number of viewings, we got a solid offer.
We had a couple of houses in mind, and then came across our DREAM home. The land, the house, the location. It was perfect in every sense. A one level bungalow on nealy 4 acres. The price was a little higher than we wanted, but decided to go look anyways. When my DH called the sellers agent, she let us know that they were in the process of dropping the price by nearly $30,000, as the seller had moved and really needed to sell (the house was on the market for a year and a half).
We looked at the house and offered the asking price right away. It was accepted.
Fast forward to July 23. Our purchase was to close July 24th, and our lawyer calls with, “I’m so sorry to be making this phone call. The purchase cannot happen. THe seller had not disclosed to ANYONE that he had not made a mortgage payment since January. The price you are paying will not cover what he owes. The seller is walking away and is letting it go into forclosure”
I get this THE DAY BEFORE CLOSING. I lost my mind. Our house was closing to be sold on the 26th. We were essentially going to be homeless.
Luckily I work with some AMAZING people (two mortgage brokers). They got on the asses of every person involved. Real estate agents, lawyers, everyone. Trying to work something out so we’d get our house. Digging in to every detail we could get.
This was all happening on a Tuesday-Wednesday.
Thursday, we packed our current home into a UHaul and drove an hour to DH’s parent’s house for the night. I have never felt more sick and worried. We had no idea what was going to happen. We spent all night online looking at other homes..none of which were what we wanted.
The next day, Friday, DH and I took DD to daycare, and both took the day off from work and waited. and waited. and waited. At 4:40pm our lawyer called us and said, “come over here now. I have your keys. Everything has been accepted! You have your house!”
When it came down to it, the seller also had a car re-possessed which was also being held against the sale. We agreed to pay a little more for the house, and amazingly, both our real estate agent and the seller’s agen agreed to take $0 commission.
We’re happily settled now, and I am over my anger with the seller. I am forever greatful to be surrounded by the people in my life who worked so hard to help us out. Without them, the deal would have been dead long before we had another chance at that house. Everyone involved said they had never seen anything like this happen before.