Last night around 7 we got a call from Andy saying we might want to get plan B into place again. Our buyer had changed lenders again (we're not sure what's going on there... 3rd lender now) and they need to provide a letter of committment by the close of business today or else the whole thing goes belly up.
What's super frustrating is a. her mortgage lender told everyone it was all in place yesterday, which obviously it wasn't and therefore we b. lost a day of running around getting banking stuff in order if needed. My parent's still are willing to step up to the plate, however there are still only 2 business days (today and tomorrow) before we need to complete. That is not a lot of time when you're talking about that much money!
I still want to have a heart for this lady - she obviously also has a lot going on, but she strikes me as quite flakey. I mean come on, she has had 2.5 months to get this all together and is scambling now? She signed a contract. A legally binding contract, and obviously she does not comprehend the legal implications if this falls through. We're not the kind of people to go aronud sueing people, but we'd have to go after her for it all, pursue the $5000 deposit (which we know now we should have asked for more - oh the things we've learned!), etc etc etc... which is just a pain all around.
Anyhow, I'll let you know how it all comes out. We're at the end stages of packing here. Tomorrow is M-day (unless it isn't! LOL!!), so assuming all goes well, let's pray that goes well.
I like this quote from Dr. Wayne Dyer (you may have seen him on PBS)
" It makes no sense to worry about things you have no control over because there's nothing you can do about them, and why worry about things you do control? The activity of worrying keeps you immobilized."
3 comments:
Carole, I don't know if Mom emailed you, but you could ask for an extension on your closing date.
My mom could provide you with some insight into situations like this from the legal end...not that it happens all the time, but they certainly see deals go sideways in their law office.
That said, 5k does seem low! We paid at least 10k deposit on our deal and our place is smaller!
Know that we're praying for you and your quote is great. Sure it's impossible not to think of the situation, but working to avoid getting majorly stressed out -- good idea!!
Catching up, but yes, you should be able to extend the closing date a few days if you need to. I hope everything works out!
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