Here is the first picture of our house on Indian Trail. From the outside she looks beautiful. However, if you have never seen a repossessed home before, they are often trashed on the inside, which is the case here. There will be many more pictures to follow as we start fixing things up!
We are currently working on the final paperwork to make the house ours. We are set to close on Thursday the 19th, just a few days away! However, we are a little behind and we are not certain that we will be able to close that quickly. Buying a house from a bank often takes longer than from an owner. We left ourselves 31 days for closing. We got the inspection done right away. The appraisal was requested and should have been done the week following the inspection. With an FHA loan our lender has to request an appraisal through Washington DC. However, this request was made and after three days we were informed that there was already a request for an appraisal so we were denied our request. The bank that owns the house had made a request because they assumed we would get our loan through them. So then that had to be cancelled so that we could make a request. This took about two weeks. Then it took a few more days for the appraiser to actually get to our house. So now that is all done and we only have 4 days to get all the paper work done. However, the bank owning the house needs 48 hours to get the paperwork back to us, so they need it by Tuesday and Monday is a Holiday! Hopefully this will all get done in the short amount of time we have!
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