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Old 04-20-13, 09:34 AM   #239
WernherVonTrapp
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Join Date: Jul 2009
Location: Now, alot farther from NYC.
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Quote:
Originally Posted by swamprat69er View Post
Wow! What a hassle you got from the banker.

When I bought this place off the bank (Power of sale), I offered them the money and told them a 30 day close (the house was empty). The real estate agent told me that he didn't think they (the bank) would accept a 30 day close. I told him that every day the bank was holding onto the house they were losing money and since the banks are in the money business and not the housing business if they wanted to sell the house they would go for a 30 day close. PERIOD. The bank accepted the 30 day close. 19 years ago on April Fools day I moved in.

Congrats on soon to be your new home.
Good thing it wasn't a "Short Sale". Counter to what the name suggests, Short Sales usually take more than a few months to close.
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