A not so funny thing happened to us today...
Turns out we ARE NOT going to be getting that house in the previous post!
The house is a foreclosure, and it is owned by HUD. We placed a bid on the house, and our bid was the winning bid, which is why we thought we were going to be getting it. We also thought we would be able to get it under contract in time to get that $8,000 tax credit. We only like the house for it's potential to become something great. It needs a lot of work, so coming out of med school with basically nothing, we needed that tax credit to be able to do the work and make it what we want.
Well, realtor called the HUD office where she was going to be sending the contract to be signed and asked them if it would be signed by this Friday (last day to get the tax credit) and she said there was no way it would be. There are about 300-400 contracts ahead of ours waiting to be signed and it will take up to 4 weeks.
So we decided this is not the house for us. We won't lose anything, (earnest money, etc.) because we haven't sent it off yet. Which is a good thing!
We are sad about it. We were starting to think about all the things we wanted to do with this house, and saw a lot of great potential in it.
Maybe it's a blessing in disguise...either way, it must not have been the house for us!
Back to house hunting we go!
5 comments:
I'm sorry it didn't work out for you. I know how disappointed you must be...it's hard trying to find a good place that fits your finances and family needs in a short amount of time on a house-hunting trip. I am sure you will find something that will work for you...good luck!
Bummer! What a disappointment. Something better's got to come along, right?!
I'm sorry! I am sure you will find something soon.
Sorry it didn't work out :-( I'm sure when you do find one you'll like it even more - just stinks in the mean time!
TOTAL Bummer. I am excited to see what you do end up with.
I really like your blog. how did you do the text and stuff? email me please! I need help!
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