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fuck - Queue
October 15th, 2005
10:59 pm

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fuck
Nice welcome home: letter from buyers' lawyer saying buyers are backing out because their loan was denied. Yes, they were pre-approved. Something changed in their situation between pre-approval and doing the final loan approval, apparently. And, no, I don't get to keep any of the deposit, since loan denial is one of the conditions under which they get their deposit back.

Am pretty screwed money-wise, but I think I'll be OK. I'll either do some kind of weird refinancing on the interest only (something my realtor mentioned that I don't understand), or I'll borrow money from my parents. My realtor is pretty confident that we can get the house under agreement again pretty quickly. But, fuck. I really don't need to deal with this hassle right now. Although, really, I'm lucky that I have options and a good safety net. I know not everyone does.

I think I'm still going to do the big move next weekend, since the sooner I can move to my new place the sooner I can start the short commute. And, after all, I'm already paying rent there. I just won't be in a rush to get the place completely cleaned and emptied out next weekend.

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From:jaq
Date:October 17th, 2005 09:03 am (UTC)
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That sucks, is there nothing else you can do about it?
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From:queue
Date:October 17th, 2005 12:51 pm (UTC)
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Don't think so. I got in to work this morning and found a message on my work voice mail from my realtor, saying saying something about trying to get the buyers pre-approved with another lender, but I haven't heard anything more about that. Guess I need to call my realtor back. Guh. I'm really too busy at work today to try to attempt to deal with this.
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From:theora
Date:October 18th, 2005 09:22 am (UTC)
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Sorry to hear that :(
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