A New Kind of Waiting

Well it's done. We've countered the bank's counter offer. 

It's a new kind of waiting now.  Our Realtor, who incidentally has been great over the last 10 months, spoke with the negotiator this morning. It seems the bank is not giving us only one shot at accepting their counter. So we went in with a counter offer that felt right to us and it gives us room to move one more time if need be.  One of the questions we had was "how long do we have to wait now?", the negotiator appears to think that we should hear back with in a week. Hopefully.  At this point I'll take a week, we've waited this long why not a little longer.

If we can get past this hurdle and the bank accepts our offer, there's only one thing that has to be resolved and it has nothing to do with us.  The Second Bank...although any negotiation with this bank will not affect our offer, it could certainly stop it from happening.  From what I understand the second mortgage holder is not going to let the seller get away without paying them back some money.  This may be the sticking point.  I understand from previous conversations that she-the seller, is willing to pay back something but how much, I don't know.

More waiting, that's what it all comes down to.  We should be used to it by now, but I'm not. So I will continue waiting, and waiting and hope that our answers come sooner rather than later.  Have a great day everyone!