Saturday, February 25, 2006

Massive Tumult!

Well we had some major developments in our house buying situation. We've been waiting to buy our new house because we need someone to buy our current house first. We set up a contract on the new house with a contingency where we will close on the new house when we finally sell ours first.

There was a clause in the new house contract where if anyone walked up and wanted to buy our dream house, the seller could make us remove the contingency -or- default on the contract, thereby letting the other party buy the house.

Last Friday we got the call that we had been dreading. Someone else had stepped up with an offer to buy our dream house and we'd have to either remove the contingency or lose the house. We were so shell shocked when we got the news. It was like a bomb had dropped and there was nothing we could do to keep the new house. It really set us up for the worst weekend that Stephanie and I had ever endured together.

My parents and sister came into town last weekend for my brother's weekend. We were in no shape to be very happy but luckily they did provide morale support.

Here's how things turned out: I ended up going to the bank on Tuesday and amazingly we were able to work out financing that lets us buy the new the house even without selling our current house. Even better yet, the bank was able to close the loan in time for us to meet our contracted closing date.....this was important because the seller was hopeing we would default on the contract so he could sell to the new buyer who was offering more money.

So in short, we get to buy the new house and we'll close on it March 8th. I need to post a picture to show off the new place. It's not an amazingly beautiful house but I think we'll be very happy there.

So it's been a hell of a stressful time here on the Malluck farm and now we're trying to get everything back together. Unfortunately the weather is a bit gloomy and cool. We could use some good bicycling weather to get out for the day.

Tasks for the weekend:
Go to work to make some overtime money (we are so poor!)
File Tax Return
Get haircut....getting too shaggy.

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