Welcome! If this is your first visit, read from the first post in January 2010 forward to get the full story.

Friday, April 30, 2010

Anxious in April

Everything looked good for us to be able to move in on May 1. 

However, every day in April that passed it seemed that Todd and I learned more about the actual state of the property. I'm not talking about little things, like there's a crack in the driveway, I'm mean BIG, important things like, the mortgage hadn't been paid for two months.

We just decided that it made sense to have a real estate contract attorney review our lease.  Then the seller decided hers should review it also. As the attorneys were hashing out the fine points--one of the note holders filed for foreclosure.

The jerk also sent some renegade to the house who drilled all the locks, broke a door and padlocked the fences.  Nevermind, the house was still listed in MLS, was up for sale, had a pending lease AND was only 60 days past due.

Either the agent or the seller called the loan holder and told him to call off his dogs and lift the illegal foreclosure and get their locks off the gates. 

They didn't do so, but someone bolt cut off the padlocks and we are having to replace all the doorknobs and locks.

Unfortunately it doesn't matter if the loan holder filed the foreclosure illegally since once it's recorded it takes legal action to get it removed (does this make sense to anyone?)

As all of this information is being revealed to us, we started to feel anxious and wonder if this was the right move for us.  However, so many things had lined up serendipitiously to this point, we felt that it was meant to be and forged ahead.

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