First, let me say this… I love the business of real estate. NOT!
Here’s the deal. Some of this may be recap for those of you who are regular readers. I have had an offer in on a short sale home since June. The banks are kind of just jerking us around and it really does suck. I had a renter secured for my condo for September but ended up losing her because of this whole short sale fiasco. So, three weeks ago the listing agent told my agent that the first mortgage holder would have a final written acceptance of my offer in two weeks. Armed with this knowledge, I posted my condo on Craigslist hoping to find a renter. After the first week past and I had no responses to my post, I was worried. I stressed that I would not have a renter to take over my condo and that I would have a new house that I may not be able to afford. Another week passes and I get a hit on my Craigslist post. I meet with the perspective tenants and they end up wanting to rent my place. They request a move in date of 1/1/10. I figure that it will be all good since I’m basically days away from a written acceptance from the last lien holder.
Not so much.
Last week, my agent gets a call from the listing agent saying that the bank wants 2 to 3 more weeks to make a decision. WHAT?! No good! That means that there is no way that I will be able to close on the house before 1/1/10. Now, I have a renter that is most definitely coming in on 1/1/10 and I have no house to go to. I just can’t win.
So, this is where we stand at the moment. Now I need to figure out if I want to move back in with mom (not really liking that idea) or if I find some sort of temp housing to move into until I finally do close on the house. Ahhh!
More updates to follow.