Friday, July 6, 2012

Last Day Here


Our mortgage broker called and stated that he needed all of the utilities turned on before the bank inspection.  We are going forward, so we have to get the utilities in our name to get this to happen.  It’s a foreclosure and the bank has no obligation to do much of anything.  In the interest of time, we are going to do it ourselves.  The gas was no problem and will be turned on next week.

The water is no problem with the water company and will also be turned on next week.  But here is the problem.  The frozen pipes are still busted and when the water gets turned on, it will flood everything.  Our contract states that we are not allowed to do anything or have anything done to the property until closing.  However, if the water is not turned or is broken, the bank will not give us a mortgage.  Our realtor is trying to get in contact with the sellers agent to get permission to go in and fix the pipes at our expense before the inspection, but she seems to have gone on vacation.

It’s a dilemma.  So, we run off to the hardware store and get all the parts, go to the house and fix the pipes.  It is a risk and cost to use, but we would have to do it anyways before anyone can move in.  And there is no other way to get the home inspection done on time.

Our home inspector is great and promised to come back before the inspection and after the water is turned on to make sure there are no leaks inside.

Some of the frozen pipes
We got our home inspection report and there is nothing major wrong with the house.  There might be some issues in the future, but this is ten to twenty years from now in the future and can be calculated into maintenance costs.  He only charged us the 100$ to go back do the inspection twice.

Today is our last day at the house while it is in escrow and we have to head back home.  We drove by one more time and met a few more neighbors.  One family that lived up the road came by to tell us that we bought the house that they wanted, but we had snatched it up before they had a chance to get their paperwork in order.  There are no hard feelings and everyone seems really nice.

Now is the hard part, the wait.  We are starting our dive home knowing that everything else is out of our hands and we did everything we could do here.  It’s just the wait on others to get the paperwork in order to complete the deal.  Let’s cross our fingers and pray that all of this was not in vain. 

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