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We may be losing the house...

LIPrincess00 Posted:

We may be losing the house...

Its a long story but I just found out, mind you my atty told their's on 4/28 we are ready to close any time. They just let us know yesterday afternoon that the people who they are buying the house from (before selling it to us) needs a guardianship done in another state so this could and most likely will take another few weeks. Unfortunately, I am going to lose my great 5.85 interest rate because the bank wont extend it past 6/3. My contract says we have to close by 5/15 so we are really locked in until 6/15. I already told the RE agent that most likely we will not wait after that, this is just too frustrating to do before the wedding, I say we get an apt and try again after the first of the year, maybe prices will go down. My FI wants to start looking at houses on 5/16. Am I wrong to just want to forget this for now and just get an apt? I'll know more and update as I find out.

ETA: It is Thurs and still no word from anyone.
Valentinegirl Posted:

Re: We may be losing the house...

OMG!!! I am so sorry. I hope everything works out for you.
Kelly9904 Posted:

Re: We may be losing the house...

OMG I am really so sorry! I know the frustration!!!

FH and I lost our house just after we put a bid on it, the owners pulled it off the market! A week later though they called us up again!
Try to relax and wait a little bit!

Step back and re-evaluate. It could still work out and if not it happened for a reason!!!

You guys still have alot of time before your wedding you dont have to commit to either a house or apt so look leisurely and see what happens!

Good Luck~
MrsTC Posted:

Re: We may be losing the house...

oh i hope it works out for the best! whats meant to be is meant to be although that stinks and i am sure it is disappointing!
fallinlove04 Posted:

Re: We may be losing the house...

that stinks...my fi and i are also looking to buy a house. my advice to you is to keep looking, and leave all options open. if you find something great, if not you can always rent. for us it is important that we find something as we want to build equity.

Kathy116 Posted:

Re: We may be losing the house...

I'm so sorry
belle31125 Posted:

Re: We may be losing the house...

Im sorry!!!
pschica Posted:

Re: We may be losing the house...

DjPiLL Posted:

Re: We may be losing the house...

Ask the bank if you can get a rate lock extension. Some banks will let you extend the lock if you pay a 'per-day fee'. It isn't cheap... but it doesn't hurt to ask.

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