Thursday, July 29, 2010


We are currently trying to buy a house. We've been trying to buy a house since April. It's a big lovely house with lots of room, not a huge back yard but adequate. It's also a short-sale, which actually means it's not.

For those of you who haven't gone through the house-buying process, a short-sale is usually when a borrower can't pay the mortgage loan on their property, so the bank that holds the mortgage decides it's better to cut their losses and sell the property. This lets them avoid a foreclosure which is long expensive messy process.

Now.. "short-sale". Those words imply some sort of expedited process, don't they? Well WRONG. This is one of the biggest misnomers I've come across. What it really means is that the bank or banks involved are the ones calling the shots, and as everyone knows when you get banks involved things take FOREVER. This particular sale actually has TWO banks involved, since apparently the seller took out two loans, so that just doubles the red-tape. Oy.

So now we have school almost starting, and although the new house and our current location are the same schools (our main priority when looking for it), I really wanted the kids to be able to start out from Day 1 on their new bus route and we'd be all settled in before that time. Damnit.

Keeping our fingers crossed we hear something soon, the whole thing has been very frustrating as it's completely out of our hands at this point. Banks suck.

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