Apr 28, 2009 10:12
so, i the house situation is super complicated. it's a preforeclosure. the people that live there currently haven't been paying their mortgage and are in the process of being foreclosed on...it just hasn't happened quite yet. usually at this limbo stage, the bank and people living there try to sell of the house, even if it's at a loss. it's sort of a last ditch effort to save everyone a lot of time and hassle. it also looks a little bit better for their credit.
anyhow, justin and i put in a low ball offer on the place we liked. the offer has to be approved first by the people who live there and then secondly by the bank (because ultimately, any money from the sale goes directly to them). anyhow, our agent pretty much told us that the seller would be a moron not to just accept our offer and pretty much, we'd be doing all of our negoitating with the bank. turns out, she was a wrong. the morons who decided to live in this house they can afford have a fucking second mortgage on the place (which is sort of impressive considering they only lived there for TWO YEARS!). so they've counter offered us with a price we don't want to and won't pay. but even if we submit another counter offer and they accept our bid, it has to go to the bank for approval. at that point, they can try submit yet another counter offer and it'll be this big huige fucking mess again.
i just want to scream. i almost want to tell the people there to fuck off, enjoy foreclosure. their house is going up for auction in like 3 weeks. do they seriously think they have a whole lot of leverage? god, i sound like a cold hearted bitch. but you know what, they're the morons who took out super high amounts of loans without having any way of paying them back. that's not my fault.