Not in writing

The banks finally came back with numbers after almost 2 months and now they won't or can't put the amount in writing. I have never heard of a bank not wanting to put things in writing for their own protection so it is back to looking.

Offer again

I found another house I like and made an offer. It is a short sale so now I have to wait to hear from the bank. They have 3 weeks.

Back to searching

The inspection was today and it didn't go so well. There was a crack running diagonally from the ceiling to the floor in one of the bedrooms. We went outside and saw where a repair had been done and failed. Since there was no sign of a nearby tree, we felt the crack was a sign of serious foundation problems. I decided I didn't want a house with a bad foundation so it is back to looking.

Offer Counteroffer Dance

The bank was asking 125,000. I sent in an offer of 90,000 on 3/2/09. The bank said they wouldn't go lower than 100,000, which I was willing to pay so I accepted the counter offer. So now it is time for the inspections and mortgage paperwork before the closing on 4/6/09.

The search

After looking at many poorly designed and decorated houses today, I found a great 3 bedroom 2 bath house in Countryside Estates in Ocala, FL.