Wednesday, March 26, 2008

Strike 2

Unfortunately.......we didnt get house number 2 either! Although this one we had a little more choice. this house was a repossession, so the bank owned it, and apparently they were not in too big of a hurry to get rid of the house because they wouldnt negotiate very much. I actually think we gave them a pretty good bid, but because of all the fixing up needed, we were still trying to get a deal. In order for us to qualify for the specific loan we were trying to get, the house had to meet certain requirements. without doing some repairs, the house "as is" would not meet those requirements. The bank was not willing to do any repairs in order for us to close, and we were not willing to do the repairs on a house we did not yet own, so we decided to walk away. Who knows what other houses will be out there, and with the way the bank is negotiating, maybe this house will still be available in the future and for an even better price! but for now, we are on the hunt again

1 comment:

The Hoopers said...

Bummer about the house. Maybe the third time eh???? Good luck!