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Thursday, February 28, 2013

Housing Purgatory

*Deep breath and sigh*
Another morning in this housing purgatory.
So as of yesterday evening there wasn't much more to do.  Our HOA provided us with the paperwork to waive the permit, the one we thought we didn't need.  It apparently was no big deal, they just have the rule in place for protection. Our Realtor is headed to the HOA headquarters this morning to turn everything in for us and get the "official docs." 
As far as the county, we'r waiting on some call backs - real shocker, the county is in no hurry for anything.

Dream house agreed yesterday that they would bump the closing back 6 days to, well, the 6th.  Projected closing is the 4th if all goes according to plan.
But wait, there's more!  Just before bed last night our Realtor called and said that dream house had decided that they wanted a check for $1100 to extend they closing to the 6th. It would not be cashed if we closed on or before the 6th. If we did not, they would extend the date to the 26th and cash the check. However, if we closed by the 26th they would refund $550 by taking it off the purchase price of the house.  

"What!  two hours ago they were fine with this!!!"

So know we are looking at paying the mortgage on our house, paying a $500 deposit to lease back, a daily pro rate on the days we are actually leasing back, and $1100 of dream houses mortgage.  Does this sound crazy to anyone else or is it just me? Let me put it in perspective, we could have spent $100,000 more on a home if we wanted to pay that much in mortgages each month.  

Anyway, we knew we were getting close to it, but this became the point we drew the line. We decided we were no longer paying to make everyone feel comfortable and if they disagreed then the house deals were done. Being the guy in the middle sucks! We decided to ask our house buyer to make the same deal with us if we couldn't pull it off we were just going to tell dream house flat "no" and hope for the best.

I guess as a good faith gesture (finally!!) the buyers of our house decided to waive the deposit on the lease back enabling us to give in to the dream house's demands. 
SO now we wait, on the appraiser, the county and whatever else pops up. 

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