So we got a call from our SR Amber Saturday, letting us know that while the developer didn't grade our backyard as promised last week, he expects to do so this week. (yes, we are a little skeptical, but we'll give him the benefit of the doubt for one more week - after that, time to bring in the big guns).
She also told us something else that should serve as a reminder to us and everyone else in bloggerland. Apparently, the buyers of the Florence that I had pictured earlier in the blog had their loan fall through after their walkthrough. Amber couldn't get into specifics, but said they had a "major life event" and just wanted to let us know that was why we now had an inventory home one street over from us with a for sale sign.
Apparently, the original buyer is still trying to buy the home through another financing option, but Ryan had to move ahead and list it. (We think the home had been finished for a month or so). I can't imagine how that buyer must feel. To be so close, and then to see it all fall through. We never met them, but we are still saying a little prayer for them.
Their plight reminded us how fragile the whole homebuying process can be, especially nowadays. We got an email from NVR late Friday asking for a few minor things as we move forward, and rest assured, Saturday's news got our attention about being diligent with loan matters. This should go without saying, but anyone looking to buy a home should avoid changing jobs or making any major purchases (through credit) until right up before closing. You never know how that might change things, as the prospective buyer of the Florence in our neighborhood sadly found out.
That is so sad! I hope they are able to work something out!!
ReplyDeleteAww...heartbroken for them. I can not even imagine going through everything and not getting the home.
ReplyDeleteThat is awful to hear. I hope that they can get the other financing option to go through.
ReplyDeletePraying for this family that the home they built will be saved from this event and they get to move in as planned!
ReplyDeleteLet's all hope they can secure financing elsewhere and buy their home from Ryan. That would be so devestating to be so close and watch it slip away.
ReplyDeletedamn that sux to hear I hope they can work it out i can't imagine going all that way and have it fall thru. with that being said maybe that's y i'm STILL overly anxious about this whole process.
ReplyDeleteThat is sad. I'm sure everything will work out. That would be a nightmare. Think about how excited we all are by blogging. I'm sure they were no less excited about everything too. Awe. This is so sad. I wish I was rich so I could fix it for them. What a reminder to keep a fast hold on your finances and remember hard times aren't out of our grasp by any means at any time. Holdfast to the good times. For sure.
ReplyDeleteIve heard of re-pulls the day of closing, they did ours about a week before, still probably better to wait until after since any new credit/debt changes your ratio and puts everything in jeopardy.
ReplyDeleteMy worst nightmare! Every time NVR called my heart was in my throat. I knew we were doing everything we were "supposed" to do, but I'm the glass half empty part of this relationship. I hope something works out for them and they're able to live the dream as well...
ReplyDeleteThat is very sad. You have to wonder what happened. I spoke with Navy Federal Credit Union today and they said that they have worked with several buyers that were denied by NVR at the last minute. I hope NVR pulls through for us.
ReplyDeleteThat was advice that was hammered home inour NVR meeting tonight. Very scary but I did read that it worked out for them so that is great.
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