Tuesday, March 18, 2008

New Home? Not Yet...

I think its been awhile since I've updated most of you on our housing search. In October Nam and I decided it would be a good time for us to start looking for a new place to live where we could split our commute. In searching for a new apartment, we realized that we were at a good point to start looking instead for a place to buy. We've looked at dozens of houses, but one fit the bill. Perfect location for us, a great size, well updated, and in our price range. What's the catch you may ask? It's a foreclosure. From what we understood it would take an additional 3-4 weeks to complete the sale because the bank had to sign off on all the paperwork. Well, here we are over 2 months later and we still don't have our house. The sellers bank has been very irresponsible and has not been communicating with the sellers or their agents. The sellers agents don't respond in a timely fashion to our agent (who is fabulous by the way). As of this week, our title company has been authorized by the sellers to contact their bank and deal directly with them. There was also talk that the sellers would have to retain a lawyer in order to get their bank to act.

Meanwhile Nam and I are just waiting it out. Keep your fingers crossed for us :)

1 comment:

jessica said...

fingers are crossed! and congrats to nam, i hear he graduated??