Friday, October 30, 2009

So much drama

Another week brought so much drama in the housing mess.

After a week, we are now at 6 liens totaling $20,000.
We still do not know if they are legal liens after consulting with several real estate attorneys. The NE construction Lien Act is to protect homeowners from such liens...but who knows.
We interviewed with Mike McKnight with channel 6 news regarding our story. We are not sure when the story will air as it is still developing.
The seller of the home is meeting with the builder Monday morning. If the builder does not pay up, the seller is pressing criminal charges against him that will take away the builders real estate license and more. The builder has more or less sold many homes that he knew he did not pay the contractors on. I believe that is theft by deception or something. Anyway, the builder is to pay these liens or face a criminal suit. Good luck Don Fuller...
Meanwhile, Chris, his Dad, and I went and looked at 2 back up properties today. Chris fell in love with an acreage, but I was not happy about updating it. It was out of our price range, too. If we could find THE property - we would back out. But right now, we are just not finding it. We have 2 homes that we will offer on first if this corner lot home falls through. Not sure how long we will wait.

So, how much do we have invested that we will lose?
* $2000 deposit that we should get back because the seller can not provide a clear title. We can walk at anytime.
* $500 for our loan lock that will expire the end of November
* $590 for our inspection (YIKES!)
* Then we will have to pay another amount of money for an additional loan lock, additional inspection on another home.
Additionally, we have the money we are throwing away in this apartment - rent through Nov. 1, November's rent, apartment down payment, and then all the fees to transfer utilities for one month. I told Chris that I will refuse to live here longer than November 30! I just can not sleep on an air mattress and put our kids through life without toys or their clothes (they are in storage someplace). We could not even have a Christmas tree here! Where would we put it?! Not to mention the stress of being homeless for longer.

So, that's where we are at. Stressed out, homeless, going to be on TV for being utterly stupid in entering this crazy housing market. There are deals to be found everywhere you look - but they come with a rather big price! As we were being interviewed by Mr. McKnight, Addison asked why we could not go inside the house. As we left the driveway, Addison cried for her room - she missed her room she said. Both Addison and Alivia cry for their beds. They are in separate pieces all over the garage someplace.

So, we are still in waiting, hoping, praying this will work out at some point.Can someone please turn on the light for us?

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