Bank accepted offer – scarry addendum

[drboom]

[quote=CA renter]
Congratulations! Enjoy your new home, drboom! :)[/quote]

Thanks, CAR. It has been a long time coming.

Just to keep my Pigg credentials intact, let me say for the record that I will induce vomiting if I hear one more person say “it’s a great time to buy”. I’m convinced that most of my 20% down payment “equity” will evaporate over the next couple of years.

The “take it or leave it” sales terms the OP and I have to put up with are a real treat, too. In my case, the house is in relatively good shape but there is an unbelieveable amount of crap in the yard, the workshop, under the house (wine bottles, yay), in the attic (crazy aunt? haven’t looked closely), etc. This is the first resale for this house (built 1952), so stuff has piled up for decades. I’ll be working my tail off for the next few weeks just to get it ready for us to move in.

But as I drink my coffee and wait for the County Recorder to do their thing, I gotta say I’ve been this excited about very few things in my life. My kids (3yo and 1yo) will finally escape apartment prison, I’ll finally have a proper office/shop, and my wife and I can finally stop making improvements to other people’s property.

Sorry about hijacking the thread; we will now return to our regularly scheduled Tales of REO Extortion starring Vincent Price as the evil Asset Manager.

[urbanrealtor]

[quote=SD Realtor]captcha the addendum you have brought up is on par with others I have seen. You also did not mention if they were going to pay for a termite clearance. I have seen some that would not even do that, and they only gave a 10 day contingency period. Assume also they will not pay for repairs as well, you can try to ask for them, you never know. Also there is more then likely a penalty if you do not close on time for 100 bucks a day or something like that. Finally they will ask for a release of liability from mold, pests, acts of god, and pretty much anything and everything the planet can dish out.

However, yes this is all pretty normal.[/quote]

Yeah.
I have seen them with a 7 day passive (where the contingencies are removed once a date passes) removal and an extra $300 “filing fee” for the buyer.

Inspect the hell out of it immediately and get the appraisal and loan work up done immediately.

Within a week you should hopefully be just marking time.

[urbanrealtor]

[quote=SD Realtor]captcha the addendum you have brought up is on par with others I have seen. You also did not mention if they were going to pay for a termite clearance. I have seen some that would not even do that, and they only gave a 10 day contingency period. Assume also they will not pay for repairs as well, you can try to ask for them, you never know. Also there is more then likely a penalty if you do not close on time for 100 bucks a day or something like that. Finally they will ask for a release of liability from mold, pests, acts of god, and pretty much anything and everything the planet can dish out.

However, yes this is all pretty normal.[/quote]

Yeah.
I have seen them with a 7 day passive (where the contingencies are removed once a date passes) removal and an extra $300 “filing fee” for the buyer.

Inspect the hell out of it immediately and get the appraisal and loan work up done immediately.

Within a week you should hopefully be just marking time.

[urbanrealtor]

[quote=SD Realtor]captcha the addendum you have brought up is on par with others I have seen. You also did not mention if they were going to pay for a termite clearance. I have seen some that would not even do that, and they only gave a 10 day contingency period. Assume also they will not pay for repairs as well, you can try to ask for them, you never know. Also there is more then likely a penalty if you do not close on time for 100 bucks a day or something like that. Finally they will ask for a release of liability from mold, pests, acts of god, and pretty much anything and everything the planet can dish out.

However, yes this is all pretty normal.[/quote]

Yeah.
I have seen them with a 7 day passive (where the contingencies are removed once a date passes) removal and an extra $300 “filing fee” for the buyer.

Inspect the hell out of it immediately and get the appraisal and loan work up done immediately.

Within a week you should hopefully be just marking time.

[urbanrealtor]

[quote=SD Realtor]captcha the addendum you have brought up is on par with others I have seen. You also did not mention if they were going to pay for a termite clearance. I have seen some that would not even do that, and they only gave a 10 day contingency period. Assume also they will not pay for repairs as well, you can try to ask for them, you never know. Also there is more then likely a penalty if you do not close on time for 100 bucks a day or something like that. Finally they will ask for a release of liability from mold, pests, acts of god, and pretty much anything and everything the planet can dish out.

However, yes this is all pretty normal.[/quote]

Yeah.
I have seen them with a 7 day passive (where the contingencies are removed once a date passes) removal and an extra $300 “filing fee” for the buyer.

Inspect the hell out of it immediately and get the appraisal and loan work up done immediately.

Within a week you should hopefully be just marking time.

[urbanrealtor]

[quote=SD Realtor]captcha the addendum you have brought up is on par with others I have seen. You also did not mention if they were going to pay for a termite clearance. I have seen some that would not even do that, and they only gave a 10 day contingency period. Assume also they will not pay for repairs as well, you can try to ask for them, you never know. Also there is more then likely a penalty if you do not close on time for 100 bucks a day or something like that. Finally they will ask for a release of liability from mold, pests, acts of god, and pretty much anything and everything the planet can dish out.

However, yes this is all pretty normal.[/quote]

Yeah.
I have seen them with a 7 day passive (where the contingencies are removed once a date passes) removal and an extra $300 “filing fee” for the buyer.

Inspect the hell out of it immediately and get the appraisal and loan work up done immediately.

Within a week you should hopefully be just marking time.

[all]

Thank you all.

Sdrealtor, you are correct – the bank does not pay for termite inspection or remediation, if one is needed.

And it does have $100/day penalty.

Well, at least it is not an elaborate conspiracy to take my deposit money 🙂

[all]

Thank you all.

Sdrealtor, you are correct – the bank does not pay for termite inspection or remediation, if one is needed.

And it does have $100/day penalty.

Well, at least it is not an elaborate conspiracy to take my deposit money 🙂

[all]

Thank you all.

Sdrealtor, you are correct – the bank does not pay for termite inspection or remediation, if one is needed.

And it does have $100/day penalty.

Well, at least it is not an elaborate conspiracy to take my deposit money 🙂

[all]

Thank you all.

Sdrealtor, you are correct – the bank does not pay for termite inspection or remediation, if one is needed.

And it does have $100/day penalty.

Well, at least it is not an elaborate conspiracy to take my deposit money 🙂

[all]

Thank you all.

Sdrealtor, you are correct – the bank does not pay for termite inspection or remediation, if one is needed.

And it does have $100/day penalty.

Well, at least it is not an elaborate conspiracy to take my deposit money 🙂

[Rt.66]

If you agreed to buy a home from me today, in this economy, with this level of market manipulation, REO inventory, and this level of foreclosures in the pipleline….I’d want you to close ASAP. As in “what would it take to get you into this house today” kinda FAST!

The reason you can’t see the “why” is probably related to why you are buying at all.

[Rt.66]

If you agreed to buy a home from me today, in this economy, with this level of market manipulation, REO inventory, and this level of foreclosures in the pipleline….I’d want you to close ASAP. As in “what would it take to get you into this house today” kinda FAST!

The reason you can’t see the “why” is probably related to why you are buying at all.

[Rt.66]

If you agreed to buy a home from me today, in this economy, with this level of market manipulation, REO inventory, and this level of foreclosures in the pipleline….I’d want you to close ASAP. As in “what would it take to get you into this house today” kinda FAST!

The reason you can’t see the “why” is probably related to why you are buying at all.

[Rt.66]

If you agreed to buy a home from me today, in this economy, with this level of market manipulation, REO inventory, and this level of foreclosures in the pipleline….I’d want you to close ASAP. As in “what would it take to get you into this house today” kinda FAST!

The reason you can’t see the “why” is probably related to why you are buying at all.

[Author]

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