Bad Dreams as Reality Really BITE!

Okay, so here's the latest. J will have to give the details, because he's really been the one dealing with all of this. But - long story short, when the house first went under contract, I kept dreaming that we moved out and then something went wrong and the sale fell through. Now, I knew this was just an irrational fear, but it was there nonetheless. Turns out, not so irrational after all!

This past Friday was the date for closing. The BUYERS were the ones who were really pushing to close then; we'd have been happy to have another week or so to get out, but they wanted the 28th, so we made it happen. Middle of last week, J & I signed the papers and told our Realtor that she was authorized to act as our agent at the closing. After all, the only thing we would be doing is picking up the check. Closing was supposed to be at 11:30, and then the lawyer would have to do whatever they do with the mortgage company and go to the courthouse to record the deed. Then, they would cut our check. No problem, right?

PROBLEM! First of all, the buyers were LATE to the closing! Now, how do you be late to your own closing? I mean - they were doing a final walk-through of the house at 10, then going to the closing. So what's up with that? Well, I don't know when they actually got there, but the closing meeting didn't end until about 1:15. Our Realtor had another appointment at 2, so she planned to go back and pick up the check at 3:30, when she was free again. Okay....slightly irritating, but not a real problem. UNTIL - the mortgage company had some "issues" with the paperwork on the loan. It had something to do with a new law regulating fees on mortgages, and for some reason, their fees were too high. So - now, we are waiting to hear from their mortgage company. But - the only person who can answer the question was in a meeting and "could not be disturbed." SERIOUSLY????? What the ?????

So now it's 5:30 and J & and I are sitting in his car, not sure what to do. And I say, "You know, there are people living in our house who haven't paid for it..." I was having a really hard time getting my head around this whole thing. J says, "Let's go drive by." I don't know why we felt the need to do this, but we did and, of course, there are 7 or 8 vehicles and a moving truck in OUR driveway. I wanted to go inside and tell them not to be in too big a hurry to unpack....but I didn't. So we went around the corner to our Realtor's home (she's a neighbor, too). When her hubby opened the door, he said: "You have the same look on your face that she does." If that's true, I had smoke blowing out my ears because she surely did!!!

We talked with her about what's next and, basically, they would either have to pay rent or, at least, pay the difference in the payoff on our mortgage from Friday until today, when the loan would close. Being nice people, we said just make up the difference and it would be fine. It's an inconvenience, but not the end of the world. Then I asked her what they, the buyers, thought about the whole thing, and she said she wasn't sure they knew. THEY DIDN'T KNOW????!!!! Are you kidding me?? Sounds like their Realtor is brain-dead. First, he should never have given them the keys until the deed was recorded. Second, he didn't even let them know there was a problem with THEIR loan??? So she called him and told him he needed to let them know and tell them the condition (paying the difference). Since it was by then well after business hours, there was nothing else we could do, so we left.

Now, it's Monday.....everything is supposed to be fixed today, right? Ummm....no. Not yet. And who has spent the whole day trying to straighten out the BUYERS' mortgage mess?? J has. And do we have a check in hand? NO!!!! Tomorrow, they tell us. You know what I say, right?? SHOW ME THE MONEY! This is ridiculous! If I had bought a house and found out there was a problem with my loan and the Sellers had not been paid, I'd be flipping out!

So - to be continued.....maybe J will give you his point of view later......