Wednesday, January 12, 2011

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Great News!

Today we learned that our short sale offer has officially been accepted by the Bank of America.  The proposed close date is February 28, but we are working to move it up if possible.  For those who are looking a purchasing a short sale home, it took almost 4 months for the acceptance and will likely be a little over 5 at the close.  The process definitely stretched our patience, and during the wait we saw interest rates rise .75%, but in the end to get such a fabulous house at an amazing price (the original owners mortgage is at $265k and we are closing at 135k), it was worth the wait.

Now begins the preparation for the big move.  I made up a list of everything we have in the fridge, freezer, and cupboards.  We aren't moving very far away, but better to eat it than move it, right?  We have the home inspection on Friday, I am calling around getting rate quotes on home insurance.  Any advice?


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