Our house sold! It is amazing since we have seen short sales take forever, 6months-1year, to complete. We received an offer in July and signed papers in September. In June we had tried to qualify for a program and didn't, but it required the bank to give us a mediator. Our realtor told us that it takes a long time to be assigned a mediator, which is why short sales take so long, and we already had one. We had everything we needed to finish the sale in the fastest time possible. AMAZING!
We had to pay $6,000 up front or get a $10,000 loan from the bank in order for them to forgive our short sale debt. We really didn't want to get another loan and so we collected all the money we had saved and even asked my parents if they would loan us a couple thousand so we could avoid the larger sum and loan. The timing of the sale and paycheck made it so we didn't have to borrow money and we could pay the $6,000 up front. We are relieved that we don't have to continue in debt and can be one hundred percent done with our old home. I also call this AMAZING! Translation: Blessed!
Now we are on to finishing our next home, which we hope will be completed by December.
