Tuesday, November 25, 2008

And the beat goes on...

About a week ago, we finally heard back about our counteroffer. Not surprisingly, the news we received was that we would receive an actual answer in...another two weeks. So, imagine our surprise when, over a bowl of ice cream and the local newspaper Saturday night, Husband's father suddenly announced an advertisement he had spied in the classifieds.

An advertisement for a sheriff's sale for the house we want to buy.

The auction will take place on January 15 at 10:00 a.m. I'm so glad the bank was professional enough to tell us what they were doing rather than letting us find out by reading it in the newspaper.

*Heavy sarcasm*

Apparently, our counteroffer is still valid, and we continue to wait to see if they will accept the offer before the auction takes place. I cannot understand why the bank ignores the fact that our offer is far more money than they would probably get if the house does in fact go to auction. Although we *might* get the house for less if we bid on it at the auction, we might also have some stiff competition that could end in a bidding war. Additionally, I discovered that, often in these situations, a check must be written for the full amount of the house on the day of the auction.

Because I have $100,000 just lying around in my bank account.

We would also not have the opportunity to get an inspection of the property (scary) and might have to absorb the cost of any liens that are currently on the house (past work, back taxes, etc.).

When we moved out of our dorm room at Dinky College and (TEMPORARILY) in with Husband's parents, we were excited about the prospect of purchasing our own home and settling in together, really starting our lives, grounded, no longer nomads. Now, over five months later, we are tired of the whole situation and harbor bitter feelings. This just isn't fun anymore, and it's very, very sad.

2 comments:

blind irish pirate said...

I don't know if you've considered apartments at all until the day comes when you can buy a house?

KittyMarie said...

Ten bucks says the moment we sign a lease for an apartment we'll get The Call About The House. Or maybe not. *Sighs* If this house falls through, we're definitely contemplating renting for awhile. :)