Bah Humbug
We signed our lease on Friday. Moved on Saturday. Our realtor called on Tuesday to let us know that (long story short) the buyer's financing fell through. We were supposed to close on the 14th of this month. Now our house will be back on the market, and vacant, and we're going to be paying not one, not two, but three rents come 1 Jan. Awesome.
Luckily for us, we have the financial means to do that for a little while. So we're not totally up sh*t creek. But I am pissed because the buyer's realtor has been shady from the beginning, and WTH is a pre-approval for if it doesn't mean they can get approved for the actual loan when the time comes?! Pre-approval. Before approval. Before making an offer on a house approval. And sweet mother of pearl they had to wait until 4 days *after* we signed a lease and moved?! If we were going to get out of our house and have it cleaned up by closing, we had to move last weekend (no, this weekend would not have worked). I don't know anything about real estate law, but I want to sue them for at least a month's rent, if not two in small claims. The only thing we know about their situation is that supposedly something came up in their "tax records" that caused them to be disapproved for the loan. But they managed to shop around at three different banks (according to their realtor) before ever telling us there was a problem. So, while we were happily renting an apartment, they were quietly looking for loans everywhere without success...argh!!
ARGH!
Luckily for us, we have the financial means to do that for a little while. So we're not totally up sh*t creek. But I am pissed because the buyer's realtor has been shady from the beginning, and WTH is a pre-approval for if it doesn't mean they can get approved for the actual loan when the time comes?! Pre-approval. Before approval. Before making an offer on a house approval. And sweet mother of pearl they had to wait until 4 days *after* we signed a lease and moved?! If we were going to get out of our house and have it cleaned up by closing, we had to move last weekend (no, this weekend would not have worked). I don't know anything about real estate law, but I want to sue them for at least a month's rent, if not two in small claims. The only thing we know about their situation is that supposedly something came up in their "tax records" that caused them to be disapproved for the loan. But they managed to shop around at three different banks (according to their realtor) before ever telling us there was a problem. So, while we were happily renting an apartment, they were quietly looking for loans everywhere without success...argh!!
ARGH!