Saturday, May 26, 2012

Lofty Let Downs

A week after our offer was accepted, we got news. Bad news. The apartment that I had already started virtually furnishing was going to be really hard to finance. Apparently, the condo association that covers the building of our condo and the building next door hd not one, not two, not three but FOUR lawsuits pending against it. I mean, really?!?

So this was a surprise, but not really... When I first googled the property, one of the top results was this lawsuit from two years ago, but I had assumed that it had been settled in the last two years. Just to double check, our realtor called the management company, the listing agent and everyone she could think of before even showing us the place and no one returned her call. So our realtor showed it to us and we went back a second time with her and the listing agent, and we asked her point blank about the lawsuits and the listing agent told us it was no big deal and that she didn't know anything about it. Really, lady? UGH.

Then we fell in love, made an offer, signed a contract and a week later, we got news that our broker (and the broker that our realtor usually works with) are struggling to find us a loan because of these freaking lawsuits! We crossed our fingers and waited... and finally got a definitive answer: unless we could double our down payment, we were out of luck.

Bye Bye, Loft of my Dreams

After all that effort and over month of house hunting wasted, we are going to have to start all over again. No one told me that this would be so emotionally draining!

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