Tuesday, May 4, 2010

The Most Convuluted Way To Buy A Home

For those keeping track, this is Esperanza. This is the house that we have been trying to buy for over four months. We have keys to Esperanza. We have permission to possession and a daily rental price. We have permission to use the mailbox and check the mailbox. Yesterday the bank told us our closing date, June 14th, at a specific title company.

The only thing we don't know? Um, the price. That's right. The bank still has not told us how much they want and we're not moving in until we do because banks ignore the market.

Our first short sale, Gladys, they asked for $60,000 over market value. With Felicidad they asked for $20,000 over market value. And the Dune House, we offered $11,000 over the asking price and we were still turned down when someone outbid us.

Someone needs to tell the bank this ain't our first rodeo. We are excited for the progress, but we still need to know the price.

1 comment:

Tina said...

What a pain!!! (but hope all works out well!)