So finally we get an update that actually tells us something! I can't help but feeling bad about calling our agent or his assistant and asking what is going on. It's kind of asking them to get water from a stone. They can't tell us anything if the seller doesn't tell them! So through the miracles of modern technology (mainly *67), our agent spoke with the seller. So here's the scoop...
The 2nd bank has come back to the seller and requested some additional information (3 things, don't ask me what they are, just that there are 3!). It sounds like the bank is going to approve the sale, you'd think I'd be jumping up and down right? Not so fast. Once the bank approves the deal there may be things for the seller to consider. The bank may not forgive her the total amount owning after the sale, if that's the case then she can back out and we're left with nothing and she gets to start the process again. The bank could in theory forgive her the whole amount or part of it. It sounds like to me that if it's true and the bank is going to accept, we'll be at the mercy of the seller and whatever decision she makes. I hope that all makes sense (or at least as much sense as it makes to me[:)]. At this point, I'm going to keep my fingers crossed and hope the bank is nice to us and forgives most or all of what the seller owes (we have no idea what she owes so it could only be $10 000.00 or as much as $100 000.00, who knows).
In order to makes sure we have ourselves covered we're doing an addendum to our contract to extend the short sale (lol) approval date for an extra month from today and this pushes out the closing date as well. Of course if we are indeed close to an answer this could be just an exercise in paperwork. But better safe than sorry!
My goal in this whole thing is to try and close the house while Star Wars Weekends are happening at Disney Hollywood Studios. The last Star Wars Weekend is featuring bounty hunters and I think my 5 year old would be thrilled to see Jango, Boba, Zam, and Greedo, just to name a few. I guess that getting the house would be good as well but for the kids this would be a highlight. But in the event that we go down before or after the 4 weekends of intergalactic fun they'll be none the wiser, I've managed to keep that fact under my hat!
Have a great weekend! If you would like more information on any up coming events at Disney, Universal or Legoland, check out some of the links listed below!
No comments:
Post a Comment