Let me tell you about something shitty,

[Doc_Lobster]

and then you reassure me.

We were supposed to sign closing papers for our creek house yesterday.
That did not happen.

Apparently our buyer was laid off and then started a new job this week, but didn't tell the bank. They found out during a last-minute check of his biz, and froze the whole thing.

His application now has to go through the underwriting process again. IF we close, it won't be until at least the end of next week.

This sucks. A lot.

And now is the part where you are supposed to reassure me.

[stinkerbell6879]

I have nothing to reassure you but good luck! Closingon our house was sooo effing stressful.

[CheshireGrin]

Yuck, that is shitty.

The fact that the bank is still willing to look at everything again instead of just summarily saying no sounds like a point in your favor though, right?

I'm also trying to tell myself that the fact that the buyer got a new job immediately and still believes he can afford this must mean that the bank will see that he can...but then I remember that people think they can afford shit all the time when they can't.

But I'm keeping my fingers crossed!

[bonquiqui]

I know how bad this sucks. Our house a few years ago was on the market for about a year at this point, and we were set to close. We signed our portion and flew to Cancun. We get a call the next day saying that the buyers just didn't show up. Totally no showed. Bastards. Not a fun way to spend a vacay. Anyway, we ended up selling a few months later to a more reliable couple.

Not reassuring in anyway i am sure, but it will work out. Good luck!

[Doc_Lobster]

May 11, 2012 23:48:13 GMT -5 CheshireGrin said:

Yuck, that is shitty.

The fact that the bank is still willing to look at everything again instead of just summarily saying no sounds like a point in your favor though, right?

I'm also trying to tell myself that the fact that the buyer got a new job immediately and still believes he can afford this must mean that the bank will see that he can...but then I remember that people think they can afford shit all the time when they can't.

But I'm keeping my fingers crossed!

I hope so. I mean, he is getting the place for so cheap it's almost a crime. His payment will be very low, even if he doesn't have a huge downpayment. I think we will probably be ok if his new salary isn't much, much less than his old salary. I think.

[mudslide]

That really sucks! I hope it all works out