Aaaaahhhhh!!!

Blargetsagsriioxaiowaoihnfkaopzlapehtnaleigh!

That means today we're officially accepted and in escrow! More to follow...

No News Is Good News?

Wow, I can't believe it's been a month since we started this little blog chronicling our house-hunting/buying/renovating journey. Frankly it feels like it's been a year! The latest update is really a non-update. The bank conducted their BPO - Broker Price Opinion on the 20th of June. We haven't heard the results of it yet, and I'm not quite sure we even will, so we're just sitting tight waiting for the next step.

Here's where we're at, as a visual. I took this list from an article on About.com about short sales.

• Bank acknowledges receipt of the file. This can take 10 days to a month.
• A negotiator is assigned. This can take 30 to 60 days.(not sure if this has happened yet?)
• A BPO is ordered. The bank probably will refuse to share the results of the BPO.
• A second negotiator may be assigned. This can take another 30 days.
• The file is sent for review or to the PSA. This can take 2 weeks to 30 days.
• The bank may then request that all parties sign an Arm's-Length Affidavit.
• The bank issues a short sale approval letter.
• The buyer cancels. (haha! Unless some massive windfall is bestowed upon us, we are sticking this badboy OUT!)

So yep, a few more steps to wait on. No biggie... After some rough calculating of the fixes we need to make before we move in, we realized we should have about $12,000 extra set aside for some 'spenses such as wood flooring, retiling the main bathroom, removing the popcorn ceilings and painting. The fun stuff. We'll likely have to wait about a month before moving in so that we can actually get all that done too. We are so eager that it's pretty much all we ever talk about now, always.

Last Sunday we made our 3rd visit to the house so that my mom and Adam's grandpa and uncle could take a gander. Everyone was super positive, which got us all the more riled up about the place. We can't wait to get in there and really make it our own. (of course, if they called us today and said welcome to escrow, this place is yours in 30 days we'd be screwed since we wouldn't be able to do some of those fixes we are desperate for/need to do/just really really want, ok?) So keep on chugging along, little short sale, we have plenty of time (well, until the end of the year, then we'll really get antsy!).