I will start with the good news -we have sold our house, officially closed and have the money in the bank. We are now renting our home back on a day to day basis but have to be out by 12/midnight Sept 15!
Now for the unsettling news...we learned Friday at 5pm of a hitch in the sellers paperwork of the house we thought we were buying. What it apparantly comes down to is the sellers grandson thought he had power of attorney for his grandmother when in reality he has guardianship status. IF he had Power of attorney he could sign for his grandmother, as a guardian her can NOT do anything without the go-ahead by the courts!! What does this mean for us?
Our current contract is dead and we will have to re-do everything. In the meantime our seller had to get their act together with a judge to see how they can proceed. Word on the street is that is could take weeks to settle.
We have asked if they will lease the house to us, we hope to get that issue settled either Monday or Tuesday - argh!
Stay tuned for further details.
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