In a bizarre 11th Hour twist, our realtor called us last night to say that closing will not be today.  I woke up this morning thinking it was all a dream.  But it's not.

Apparently this guy owns his own financial company and it's tanking.  He's unable to secure a loan two conventional ways, and it doesn't seem likely he's going to get the FHA loan either.  That he only knew this hours before closing is pretty suspect.

At this point we have a right to take his escrowed Earnest Money (which was doubled because they were moving in before closing), and if our realtor's mortgage company isn't able to assure us they'll get a loan we will probably have to start getting them out of our house.

My kids keep asking if we're going to have to move again.  Never say never, I guess, but that's a reeeeeaaaaaly hard thought right now.

On a good note, a lady had just contacted our realtor the other day saying that she was watching the "pending" on our old house and wanted to know if he thought it was actually going to close.  We might try to get her to go through the house and see if she'll make an offer.  That would certainly give us some leverage.

Oh, and the title of this post?  That's the guy's name.  And he lives up to it every little bit.

11/14/2008 04:47:34 am

Do the regular eviction laws apply for a situation like this?

That guy is clearly a crook. I'm so sorry.

11/14/2008 08:41:36 pm

This is crazy! I don't think you were ever sure about this guy. I think you may have known him better you even thought.

11/16/2008 10:39:14 am



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