Mike and Cindy Martell: HAPPY BUYERS of Country Lane, Sweet Home OR

Biggies House

Wow, selling Biggie's house is becoming more of a challenge than we thought. First, it was the home of Laura's late mother, so the emotional aspect is greater than the business side of selling property. We have sold and bought a lot of property, but there is a difference when dealing with an estate. Progress is being made, which we are grateful for.

BIGGIE'S HOUSE DELAYED...

The buyers for BIGGIE'S HOUSE have a big delay in their financing. Two months ago they withdrew all of their money from their bank account and put it a safety deposit box, because they were worried about the banking system. Turns out, in this case, the mortgage lender doesn't want cash from a safety deposit box as a down payment, they want the funds to be in a bank account for 60 days, or at least this particular lender does. So ... the 30 day closing is much longer than 30 days now.
LESSON: Before making a creative money move, check with a professional banker or lender to make sure you are not creating unnecessary challenges.

Joseph and Crystal buying a house tomorrow

Joseph and Crystal are getting ready to close on a house in Hawaii. Their mortgage loan will have a 4.5 interest rate ... yeah!
Interest rates keep going up, today they were in the 6% range, we want to buy while they are relatively low and prices low too!