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Huntington Moneyworth III, Esq
2009 Sep 23, 3:51am
Lawyers to the rescue?
The deal is BACK ON! More updates as this wild ride continues...
Huntington Moneyworth III, Esq
2009 Nov 12, 3:50am
Blast from the past: We thought this was dead a month ago.
Bank finally sent us a written offer. Someone at the bank finally cruched the numbers and figured out that the loss sellling to us was less than the loss fighting a bankrupt man in court.
We will take a look at it again. What to do, what to do? The Realtor is concerned it will no longer make appraisal since prices in the area have fallen so much since our original offer.
Done!
2009 Nov 12, 4:04am
Yup time to lowball.
If now was a good time to buy, then you would have a)bought the house, b)they would have sold it.
I'm waiting until a deal is a phucking deal again.
I have no patients for Ida the Indian giver, and Rene the reneger.
Those two seem to be the only ones left employed at the bank and the RE office.
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I knew this day would come eventually.
Two things happened this weekend that I did not expect:
1) I met an honest Realtor. A genuinely good person. Recommended we LOWER our offer.
2) Found a home priced 45% off peak with everything we want for a fair price. Needs minor fixing up (less than a grand of work).
We should find out this week if the offer is accepted (short sale, bank is finally unloading, bank won't lose money on our offer, offer within bank appraisal range). No other offers.
If the bank does not accept our offer or plays hardball, our Realtor advised we wait for several more houses coming on the market in the coming days. Four foreclosures in the pipeline in the same neighborhood.
I will let everyone know. If/when we close, I'll ask Patrick if I can change my screen name to SoCal Owner.
#housing