Tuesday, August 17, 2010

House..It is all mine

House..It is all mine

So it has been a very long time since I have written on my blog but besides traveling this summer nothing much has been going on except I GOT A HOUSE yayayaya. So I wanted to inform you all in the way I purchased this home in-case any of you were looking to do a short sale or foreclosure in the near future. For those who do not know a short sale is when the house value of the home is less then the mortgage and this cause the seller to sell is short. This process is painfully long, mine took 11 and half months to be exact and many things can go wrong during this process that can cause you not to get the home. Some of those things are the bank cannot always accept your offer, the seller can refuse to sign the final paper and lets not forget you have to wait forever. Foreclosure are faster because the bank already has controls the property but who know the condition the house could be in and the house may have been vacant for a while or the former residence could really have done a number on the home like pulling out appliances or wiring, windows I have seen it all.
My experience was terrible with this process, but in the end I did get a great home which I love. Everything that could have gone wrong did and it did not help that my broker was playing both sides so lots of lies were spread between buyer and seller. But in the end I got the house but the time and effort to get there was painful. I truly thought even to the last day I was not going to get it maybe that is way I am so excited about it. So if any of you is thinking about doing these processes feel free to ask me about it, I have dubbed myself an expert and happy to share my experience or answer any questions.