We have officially taken the house off the market. We still had about 10 days under contract, but the lending industry threw us a curve ball. Apparently your house cannot be on the market if you are trying to get a mortgage loan. I guess they are afraid that you will put them through all the trouble of putting the loan in place and then suddenly sell your house and pay them off and they won’t make any money. I can see their point. HOWEVER, what if you can’t sell your house, have no buyers, no one even interested, AND you take your house off the market, what about a loan then? Okay, they say, but your house has to be off the market for 30 days before they will even start the loan process. Yeah, like someone is going to come, out of the clear blue sky, and suddenly desperately want my house, even though it has been on the market for nearly a year without any serious interest. Sorry, they say, that’s policy! Nothing they can do. Why do stupid, irresponsible people who have messed up the money-lending industry have to muck it up for the rest of us???
On the renting front, we have two interested parties desiring our house. Now we just have to figure out who needs it the most and with the right timing.
