Stick a fork in it...
Ding, dong, the deal is dead.
I talked to our realtor last night. "Countrywide," she sighed. "Is being Countrywide." While on the surface a seemingly concise statement, she was actually saying was something along these lines.
"Wonderful," I replied, while really meaning this.
While this may seem like strange thinly-veiled conversations between a realtor and a client, it makes sense considering what we've been through together. You see, for 120 days - that's one hundred and twenty for the numerically challenged - we've been attempting to get a deal put together for a house. Things took a severe nose-dive when Countrywide waddled their pimpled heiney into the picture. For nearly three months our realtor bravely muddled through the bovine scatology that Countrywide plopped out, and kept us abreast of new developments. She was with us to the bitter end, and did everything she possibly could to put this deal together for us. At times I wondered who was more frustrated with the situation, The Wife™ and I or our realtor.
Back to the present, and last night: essentially Countrywide rejected our offer despite getting close to what they wanted from the seller (i.e. a promissory note, their first born, and a nice shrubbery) and every other party signing off on the deal. They're now content to let it go to the sheriff's sale in a couple weeks to see what they can get out of it. If nobody bites there, it'll go into complete foreclosure.
We've pulled our offer, and are snidely conspiring to show up at the sheriff's sale only to put in an offer less than what we originally submitted. Barring that, we're now apartment hunting as we definitely cannot stay where we are.
posted by Hare @ 11:19 AM
4 Comments:
I am really sorry you folks had such a rotten house-shopping experience. Let this be a lesson to everyone in the world: It is better to live in a refrigerator box than to deal with Countrywide.
No worries - we're wiser for the experience, and now we know what to look (and look out) for.
My solution for Countrywide would be a warhammer. After reducing the face of the regional director to a fine salsa; they would likely become more polite, possibly even gracious, to everyone they work with.
And wouldn't it do wonders for your mood?
Meh. I'm content to let them have the financial hit - $5,700 due July 1st; and, they now have to pay for insurance, lawn service, snow removal, etc. since it's going completely into their hands.
If they had accepted our offer, they would've saved themselves roughly $7,000/year. Instead, they're hanging onto that property hoping to get what the seller initially paid for it - $130,000.
More power to them. It's this sort of business mentality which has them being bought out by Bank of America.
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