coming out of my shell

coming out of my shell

Saturday, April 19, 2014


The general house inspection and termite/pest inspection both took place on Thursday of this past week.   Once again, it is a foreclosure.  However, it is not a Fannie Mae owned property like house #1 was.  House #2 is owned by a bank.  As with so many houses for sale down here, it has been sitting vacant for a couple of years while the bank forecloses on the poor unfortunate prior owners who bought the place during the housing bubble and then lost it when the economy bottomed out, they lost their jobs, and the banks refused to work with them to keep their house.   Consequently, you will find the disgruntled prior owners often do some cosmetic damage throughout the house before they leave.   They might punch in a closet wall, or put hand prints on the walls.   They will pull pictures off the walls without caring that part of the wall comes with it; angry and obvious things like that.   I imagine they think they are sticking the bank with repairs.   However, the banks do not care enough about the properties to repair them. 

In addition to cosmetic patching, painting, and replacing carpeting,  the house needs a new roof and the air conditioning/heating no longer works.   The bank either does not know or is remaining silent on these two big ticket issues.  Foolish if the latter, because no potential buyers will be able to get insurance or financing for a house with these particular problems.  These important bargaining issues need to be resolved during this inspection period when we have the ability to rescind the offer and walk away if need be.  If the bank will come down to our satisfaction to fully address those issues we will pursue buying house #2.   If not, we will move on and start again.   Depressing, because the house has great potential and we love the area it is in, but we no longer have time to play games.   We want to be in a house before hurricane season starts...

I enjoyed the house inspector.  He was a big guy, sweet and chatty.  Just before I met him I overheard him talking to his "Momma" on the cell phone, telling her that he loved her.   When I shook his hand, I said "I am always happy to meet a man who loves his mother."   He replied in earnest, "Well, you know they need a lot of love." 

1 comment:

  1. two are doing your Purgatory here on earth!!! My heart is heavy and sorry for the stress! Love the pictures....such a lovely area....and so happy yall have found a beautiful diversion....keep the Faith....we are asking our St. Joe to help yall get a house....and soon!!! Love ya!!


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