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We are finally getting a house on Friday!!


Mrs. Martin

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Sorry this is so long-For those who read my post on the drama we were having trying to get a house, we are finally getting the house we placed an offer for back in December! http://bestdestinationwedding.com/forum/t39932

 

But, let me tell you, this house was a pain to get. It was a shortsale and after all the drama we had when it originally fell out of escrow, we moved on and found 2 other houses we liked and we placed offers. The very next day (this was in mid April) we received a call that the short-sale house was now available and our offer was still being accepted. So, we immediately remove the other offers and checkout the house again just to confirm we accept it and can begin escrow. We checked it out and so far nothing else has been stolen by the previous owners with the exception of 2 palm trees (but this is after they had already taken the fountain, BBQ island in the back, patio, and all the closet shelves). So, we started escrow and had the house inspected and appraised immediately. It appraised for less than what we offered (originally we offered $480 back in December), then we offered $412 when we restarted escrow and then it appraised for $370. So, after 3 1/2 weeks of escrow we still didn't hear anything from the bank about our updated offer. At this point we really weren't expecting to get the house and were upset that we had already spent $$ getting it inspected and appraised. The bank contacted our realtor and broker the last day of escrow (seriously we were called at 3 and everything had to be approved by 5). The realtor selling the house never supplied the bank with the new appraisel and offer amount therefore they approved the house at $412. Well, our loan won't go through because our appraisel doesn't show the house to be worth that much. Long story short, we agreed in the middle and we will be paying $390 and we had our apprailsel and loan adjusted right away. The good thing about us not getting the house back when we originally offered was that we now got it for a lot less and we were able to save more $$ and actually put down 20% instead of 10%. 3 days ago we found out the previous owners stole the water heater and the rest of the light fixtures. But, the water heater is getting replaced today and we received the credit for the light fixtures so we can purchase them ourselves. Hopefully they won't take anything else by Friday so we won't have to delay the close of escrow. We put our current house for rent this weekend (we were going to rent it to DH's cousin, but didn't end up working out) and within 3 days found renters. They just gave us the deposit yesterday plus 2 months of rent. What a relief! I thought it would take us a while to find renters. With the money we will be making on that house, the mortgage on our new house will be mostly paid.

 

I'm just soooo happy we found a house before the baby arrived! Now, I can finally start on a nursery! We have a lot to do in the house since no one has lived there since October. We're going to have put new grass, the pool/jacuzzi need an acid wash, and we are going to hire 2 people to detail the inside of the house before we move in our things because it's dirty!!

 

I don't have any pics right now, but I will download some later today and post them later for you all to see! Thanks for listening; I can't begin to tell you what a relief this all is!

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Oh my goodness what a story! That was absolutely insane! I had a TON of house drama too and can totally relate. I'm so happy for you that you can finally breathe a sigh of relief and know that it's yours!!!!!!!!! In the end you got a GREAT deal and will be able to do things just how you want! I think it will be fun to pick out your own light fixtures!!!

 

Congrats :) Can't wait to see pics!

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Quote:
Originally Posted by Alyssa View Post
and definitley get the locks changed and a security system ASAP b/c it sounds like the owners are freaks!
Yes, we are going to change the locks ASAP. If we do get the keys on Friday, we will be getting the locks changed that evening or Saturday morning, for sure!!

Quote:
Originally Posted by Soon To Be Mrs. Gomez View Post
OH that is so great! I'm happy for you. I will happily wait for pics. How is yoru pregnancy going?

The house price you got is great! I'm a So. Cal girl so I want to know what area you bought in because we are getting ready to start saving for our 1st home.
My pregnancy is going great, thanks for asking. I'm loving this time right now because the baby is so active inside of me; I'm going to miss that. We currently live in Downey, but we will be moving to Corona (that specific area is called Eastvale). Not Corona off the 91, but closer to the 60 and 15 (next to Norco). I work in Ontario so I'll be 7 miles from work!! My DH works in Downtown LA, but he works in the evening and only 3-4 days a week, so he won't be getting traffic at all. Where do you live right now? Where were you looking to move to?
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wooohooo! super excited for you!

 

ok and im lame but i know nothing about house buying so forgive me, but why is it called "stealing" of the previous owners when its still their house until its sold? is it because they are taking things that are "part" of the house and its generally understood that those items will stay with the house? were those items in the contract??

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Originally Posted by Abbie View Post
wooohooo! super excited for you!

ok and im lame but i know nothing about house buying so forgive me, but why is it called "stealing" of the previous owners when its still their house until its sold? is it because they are taking things that are "part" of the house and its generally understood that those items will stay with the house? were those items in the contract??
Even though they were no longer making mortgage payments, legally they could still have access to the house because it's a shortsale and not yet foreclosed on. So, they weren't breaking in or doing anything illegal by that. However, all the things they took were part of the negations (unless they stated other wise from the very beginning) therefore when we originally placed an offer, we placed an offer according to the house as is from when we saw it. The only thing that was not part of the purchase price was the chandalier they had which ironically they left. We were going to purchase it from them, but after all the crap they did we were going to just suck it up and buy our own (even though we loved theirs). But, it's still there so we'll see if they do take it by the end of the week. Oh, I don't know if I mentioned this but they stole the microwave/hood combo which is a built-in and part of the house!!
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Quote:
Originally Posted by Mrs. Martin View Post
Yes, we are going to change the locks ASAP. If we do get the keys on Friday, we will be getting the locks changed that evening or Saturday morning, for sure!!



My pregnancy is going great, thanks for asking. I'm loving this time right now because the baby is so active inside of me; I'm going to miss that. We currently live in Downey, but we will be moving to Corona (that specific area is called Eastvale). Not Corona off the 91, but closer to the 60 and 15 (next to Norco). I work in Ontario so I'll be 7 miles from work!! My DH works in Downtown LA, but he works in the evening and only 3-4 days a week, so he won't be getting traffic at all. Where do you live right now? Where were you looking to move to?

Hi,

We are in Whiitier now and I would like to stay there, but the houses are smaller and are pricy. I like Upland too and DH likes Covina; we both work in that area but I know that alot of homes in Corona are super nice and huge!
Thanks for sharing!
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