Sunday, December 25, 2005

Simultaneous closing

I had to wait to cool down a couple days before I got on and posted almost the rest of the story. Two days before Christmas morning Russell Peay decided to be a little more flexible and alot more greedy. Right before we bought the house from the Peay's they refinanced and got a loan with a prepayment penalty. Obviously not the brightest move but I guess he wasn't as stupid as I thought, just an ass. Russell realized that I had no negotiating power and took advantage of it. He called and let me know if I gave 3300.00 in concessions that would go directly to him he would work out the closing. But with the new closing I had to totally relinquish my rights and get bought out of the old contract. It wasn't all that bad I guess because we should still recieve a little over five thousand from them and another fifteen thousand and something from the new buyer. The only real issue now is making sure we recieve the money from the buyer. I don't have anything in writing and no real negotiating power except for possesion of the house. Caroline, the buyer, has been more than patient and reminds me of my grandmother. I don't believe there is a dishonest bone in her body, but we are still talking about more than fifteen thousand dollars. I have had to adjust my plans for the next few months because we are recieving more than four thousand less than anticipated but it shouldn't be too much of a setback. Amy has worked more than usual editing and the Satellite store has been doing better than usual. The really stressful thing left to do is find another house. We are supposed to be out of here on the 31st and don't have a place to go. Today our inlaws left after being here for a week so now we can resume packing and looking for a temporary house until the short sale in Springville finishes.

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