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The Most Exciting News EVERRRRR!
Apr. 6th, 2010 01:46 pmOkay, so this has been building up in me for weeks now. But I'm finally allowed to shout it from the mountain tops. So where do I start? Right here on LiveJournal!
I guess this story should start last October/November. Back then my mom was searching for a house for us. Well, a condo or a townhouse really. And she finally found one. It was beyond perfect. It was owned by this couple that had recently gotten divorced and needed to sell the townhouse. The wife wanted to get as much money as she could and the husband just wanted out. So we made an offer and they didn't take it. Or we think it was the wife. But after they had gone to court, they came back and called us asking if we still wanted it. We made an offer and they accepted! Everything was great until the FHA loan didn't go through. The townhouse is in a complex that has apartments in it too. The ratio of owner-occupied and investment properties is what screwed it up. Because of the apartments there were too many investment properties in the complex to have the townhouse approved for an FHA loan. We were heart broken and we could never find a home we liked as much. We thought we were going to have to spend the rest of our life in this crappy apartment.
Well, cut to two weeks ago. Our real estate agent called us up the day before her vacation saying that the divorced couple's real estate agent had called her, informing her that there was a bank that was doing a first time home buyers deal and before calling, she had made sure that this townhouse would qualify. We were friggin ecstatic to say the least. Especially since the sellers had come down $3,100 in their sale price just to get people in, which they weren't getting anyone in the entire month that they had put it back on the market. All my mom had to do is take this first-time home buyers class (which she can take on line) and get certified. Because of my mom's job, she knows a lot of the information this class is covering. And because she's actually bought a home before. Legally she's a first-time home buyer because she hasn't owned a home in 12 years and the house she did buy she bought when I was, like, eight so that's seventeen years ago.
Anyway, that Friday we went to the townhouse and it was just the same: PERFECT. The sellers were willing to take just about any number at this point because the husband had since lost his job and they couldn't pay the mortgage. They were about to be foreclosed on. The townhouse was going to be auctioned off, but the husband got it postponed for forty-five days. The bank said they could have us closing in thirty. So in the end, we bought this townhouse for $6,000 LESS than what we had offered all those months ago! So, hello! Better deal!
The reason I've waited two weeks to say anything is because my mom said I couldn't post any of this on the internet until she told our landlords. So she told them last week. Now I get to post this wherever I want :D
In the end, we should be all moved in a few days before my mom's birthday, which is May 22nd. So happy birthday to Mommy! I'm all excited and can't wait to move. Plus, Blondie may be getting a bigger cage once we settle in. And Buddy is going to be able to run from the basement all the way up to the second floor! He's more than likely going to shed a few pounds, but that'd probably be good for him because the vet said he shouldn't get any bigger weight wise. He's at the max for his size of a cat. Although, I don't think he's done growing because his paws are just soooo big! And I also think he's grown in the past year that we've had him. So maybe he's not done.
Anyway, this is the most amazing news I've heard in a long while. I'm so happy and can't believe this is actually happening. And we have the lowest interest rate ever! Which is fixed for the first three years and then can be adjusted by one point and can never go higher than 8%. So that's awesome! Life is good, life is great.
Oh! Also, when we told my grandma about it, she said that she had been praying for a way for us to get this house. Seeing as she's a retired minister, I think she's got some sway with the Man Upstairs. So thank you to her for praying for us :)
I guess this story should start last October/November. Back then my mom was searching for a house for us. Well, a condo or a townhouse really. And she finally found one. It was beyond perfect. It was owned by this couple that had recently gotten divorced and needed to sell the townhouse. The wife wanted to get as much money as she could and the husband just wanted out. So we made an offer and they didn't take it. Or we think it was the wife. But after they had gone to court, they came back and called us asking if we still wanted it. We made an offer and they accepted! Everything was great until the FHA loan didn't go through. The townhouse is in a complex that has apartments in it too. The ratio of owner-occupied and investment properties is what screwed it up. Because of the apartments there were too many investment properties in the complex to have the townhouse approved for an FHA loan. We were heart broken and we could never find a home we liked as much. We thought we were going to have to spend the rest of our life in this crappy apartment.
Well, cut to two weeks ago. Our real estate agent called us up the day before her vacation saying that the divorced couple's real estate agent had called her, informing her that there was a bank that was doing a first time home buyers deal and before calling, she had made sure that this townhouse would qualify. We were friggin ecstatic to say the least. Especially since the sellers had come down $3,100 in their sale price just to get people in, which they weren't getting anyone in the entire month that they had put it back on the market. All my mom had to do is take this first-time home buyers class (which she can take on line) and get certified. Because of my mom's job, she knows a lot of the information this class is covering. And because she's actually bought a home before. Legally she's a first-time home buyer because she hasn't owned a home in 12 years and the house she did buy she bought when I was, like, eight so that's seventeen years ago.
Anyway, that Friday we went to the townhouse and it was just the same: PERFECT. The sellers were willing to take just about any number at this point because the husband had since lost his job and they couldn't pay the mortgage. They were about to be foreclosed on. The townhouse was going to be auctioned off, but the husband got it postponed for forty-five days. The bank said they could have us closing in thirty. So in the end, we bought this townhouse for $6,000 LESS than what we had offered all those months ago! So, hello! Better deal!
The reason I've waited two weeks to say anything is because my mom said I couldn't post any of this on the internet until she told our landlords. So she told them last week. Now I get to post this wherever I want :D
In the end, we should be all moved in a few days before my mom's birthday, which is May 22nd. So happy birthday to Mommy! I'm all excited and can't wait to move. Plus, Blondie may be getting a bigger cage once we settle in. And Buddy is going to be able to run from the basement all the way up to the second floor! He's more than likely going to shed a few pounds, but that'd probably be good for him because the vet said he shouldn't get any bigger weight wise. He's at the max for his size of a cat. Although, I don't think he's done growing because his paws are just soooo big! And I also think he's grown in the past year that we've had him. So maybe he's not done.
Anyway, this is the most amazing news I've heard in a long while. I'm so happy and can't believe this is actually happening. And we have the lowest interest rate ever! Which is fixed for the first three years and then can be adjusted by one point and can never go higher than 8%. So that's awesome! Life is good, life is great.
Oh! Also, when we told my grandma about it, she said that she had been praying for a way for us to get this house. Seeing as she's a retired minister, I think she's got some sway with the Man Upstairs. So thank you to her for praying for us :)
