So, the last you heard, we were waiting for an offer on our place, a condo in downtown Chicago. I think it was the same day, definitely the same week, when we got it--an offer. Now, we had imagined that moment many times where we look at each and start laughing and doing the happy dance in our kitchen. But it didn't quite turn out that way. After we crunched some numbers and decided we could afford to sell it for the lower-than-we-wanted offer, we got the really bad news--she had an FHA loan. NOOOO!!!!!
We didn't really know why FHA was bad news, but we were about to find out. During the two months between accepting the offer and actually moving, there was no point when we could really embrace the fact that we were moving and get excited about it. Seth likened the whole experience to running through a war zone and dodging bullets. There were outstanding assessments, outstanding special assessments, lawsuits, etc. Our association was like cottage cheese. The building is solid (thanks to our rebuild), and the association was well run, but we didn't think a government agency would be able to see past all of that and actually approve our condo for the loan. But they did.
And then one hour later, three weeks before we are scheduled to move, we got sued. That's right--we got served. The Sheriff showed up at our door and served us, and our neighbors, with papers. It seems our developer never fully paid a plumbing company for all the work they had originally done on our building. The plumber had filed a lien and was now foreclosing on the lien. How did the FHA folks miss this? It seems he only sued us by name, and not PIN number, so when they ran a search, they missed it. Can you believe it?
Our attorney managed to get Chicago Title to agree to cover this lien, as we had title insurance, and the FHA lender didn't have a problem and agreed to fund the loan. So, two weeks out, we finally have assurance the sale is going to go through. But then, the next ball drops--the closing date we thought we had (6.4.10) was not possible. We needed to close on May 27. It's now May 20th. We don't have a place to live, as we were advised throughout this entire process not to put money down on anything, since we had no assurance that the sale was actually going to go through.
Seth takes a half day off work, and drives around Wheaton, Winfield, and Glen Ellyn and literally knocks on doors and calls numbers and actually found us a place to live. A real house!! That's also a long story, but suffice it to say it was a total God thing and we are very grateful.
We had 5 days to pack. I took the boys away and Seth packed for two days. Then we returned and Brice got sick. Like, pukey sick. They day before we moved, my parents took both boys and Seth and I stayed up all night packing, then moved, then unpacked in 2 days.
Whew.
2 comments:
holy crazy story!
a house? what's that? ;)
Can't wait to see photos!!
phew....woa.....crazy. thanks for the update.
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