The House Burned Down 24 Hours B4 Closing!!!
November 14th, 2008 Categories: Just Because..., NJ First Time Home Buyers
Everything was in place. We were soooo close…
The house had been on the market for only two weeks. It was in disrepair and a wonderful investment opportunity for my buyer clients. The home was moments away from foreclosure in a transitioning neighborhood with growth potential.
The buyers were able to pay cash for the property. No need to worry about current mortgage concerns.
The offer was accepted.
And then it hit the fan…or so I thought.
There were two sets of owners. Each with their own lawyer. A judge had to get involved to resolve their individual rights. Needless to say it was messy. My buyers held their breath.
The judge agreed to the sale.
The banks agreed to the sale.
The title search was clean.
Mortgage payoffs were in place.
Tax lien payoffs were in place.
Time of the essence was served.
Time of the essence was extended.
The seller found an apartment.
Final monies were transferred.
All parties agreed on place and time of closing.
Twenty-four hours to go…
The call came at 8am.
THE HOUSE BURNED DOWN
Fire engines took hours to get the house under control. Thankfully, noone was hurt.
There is nothing left.
You can’t make this stuff up!!!
Stay tuned…don’t know what tomorrow will bring.
2 Comments »
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This is like a soap opera! I can;t wait for the next installment. And in the meantime, I’ll keep my fingers crossed.
Michael
Comment by Michael Bergin - Your Realtor in Alexandria, VA — November 14, 2008 #
Thanks!!!
We are keeping our toes crossed too!!!
P
Comment by NJ Real Estate Wire — November 14, 2008 #