We found out that the house that we like is a short sell. It will still be 2 months until the bank has foreclosed on it. We could buy the house right now but they won't take any thing less then the asking price and we were hoping to get it for less. (Due to the fact that the banks are not willing to loan much money right now.)
Here is a link to a site that explains what a short sell is for any of you that don't fully understand it: http://www.shortsellhouse.com/
Anyway we decided that we are going to keep looking and see what else there is out there. If we don't find anything we will probably try to get approved for the full asking price on this one. http://www.redfin.com/IL/Gilberts/555-Welch-St-60136/home/16910681
Wish us luck, we are going to need it.
Sunday, January 11, 2009
House update
Posted by LIZ at Sunday, January 11, 2009
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3 comments:
This house looks awesome! Lots of room! I will keep my fingers crossed for you guys. Good luck! You could always move back to Utah, though, right????
Yeah like Melissa said, you could always move back to Utah!?!. Hopefully everything does work out for the best.
Good luck Liz! I hope you guys can get something soon!
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