Monday, March 29, 2010

We got the call

We got the call today. We got the call!

Tim asked me to call him this afternoon, and greeted me with: "Hello, Mrs. Homeowner!"

The short sale has been approved!! This has to have been the shortest short sale in the history of the world! I heard horror stories of people waiting five to six months to even hear back from the seller's bank, and now we're done with that, no haggling, and it's approved! Today, in fact, marks the date we set down in the bid contract as the day we wanted to close. Emma laughed, and we knew it wouldn't happen, but still. We put it down. The fact that the short sale was approved six months to the date of submitting our bid is a very, very good thing!

Annie says prepare to close in the next few weeks. What needs to be done next is our bank approval/appraisal, and submission of the last few bits and pieces of paperwork for the loan. (For instance, they are requesting an official transcript for me, since I have only been at my current job for 1.5 years. I thought a copy of my diploma would suffice--it is, after all, an official document stating I actually studied social work, the field in which I am now working--but no. So we paid the $5 and now are waiting an interminable amount of time to receive the notarized transcript.)

We can't imagine our bank taking issue with the appraisal, though, since the seller's bank seemed to think everything was fine with our offer and the home's worth. But still. We're waiting on that.

Suddenly it all feels so much more real. We can say, "We are BUYING A HOUSE," instead of what we've been saying so far: "We're trying to buy a house." We'll likely close in mid-April, and then take the rest of the month and most of May to paint, fix up the electrics, move around some plumbing, and pack this hoarder's haven of a rental property.

And then, when grey Chicago starts spreading the green, and the weather makes you want to fling open the windows and sing to your neighbors, we'll be moving into our house!

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