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Closing Date next week!

September 8th, 2011 at 11:53 pm

OMG, how things are moving quickly since the contract was put into play!

A timeline for the curious:

June 14
We put in an offer of $300k on a short sale house that is listed at $395k (down from $550k)

June 24
The sellers accept but the bank says no and counters us at $375k

June 28
We offer a counter to their counter of $305k plus $1k in seller's closing costs

July 28
The bank says OK to our offer!!

August 25
Finally all the paperwork is signed and completed...officially in contract now

August 31
Inspection of house with contractor went very well -- just the obvious expense which is to replace the roof like yesterday

September 1
Met with the bank to finalize mortgage... ugh

September 8
Appraisal of house comes back at $360,000 so we are good there

September 15
CLOSING DATE!!!

Posted in GOALS | 2 Comments »

2 Responses to “Closing Date next week!”

  1. creditcardfree Says:
    September 9th, 2011 at 12:08 am 1315526895
    1315526895

    Wow! Three months for a short sale...seems pretty good. Closing is happening fast, too. Very exciting.

  2. Jerry Says:
    September 9th, 2011 at 09:30 pm 1315603823
    1315603823

    Wow, a closing date already? You are absolutely cruising, and it seems like everything is moving toward a smooth short-selling of the house. You must be doing something right to have insurance of such a quick process. Good luck with everything!
    Jerry

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