October 2010 Weddings
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*Patineuse1124*

I'm sorry to hear you still haven't closed yet!  I am sure it's nice to be living rent free though.  Who is currently paying the mortgage, the previous owner?  I was just thinking, say worst case scenario happens and you can't close for whatever reason (is that even possible with your situation?) what would happen to all the money you've put into the house?  I feel like I'd be scared to work on it/put money into it until I knew it was 100% ours.  I don't know anything about how early occupancy works, so I was just curious.  If I am being too nosey just tell me to shut up Zip it!
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TTC since March 2012 w/irregular and anovulatory cycles.  
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Re: *Patineuse1124*

  • I don't think there is a mortgage on the place, I think the owner paid outright for it when he bought it from his Dad (and let his dad live there).  That is why he had no problem transferring the title to his Delaware LLC but we are having trouble transferring it back to NY (we need title insurance since we will have a mortgage).  The lawyers just got the paperwork from Albany so hopefully we'll close next week or the following.  Since we'll be in August by then, we won't have mortgage payment till October 1st, woohoo (this equals allocated september mortgage payment to go to landscaping, so I get my fruit orchard :-) )

    The seller is supposed to reimburse us for some of the money we have put in if we don't close.  There are a lot of things we have been holding off on doing/buying till we close, but the money we have spent that we wouldn't likely get back is pretty equivalent to what we would have to pay for rent, so worse case we break fairly even, though I will be so pissed at all the time I spent.

    October 2010 September SC - 1st Anniversary Plans:
    Trip to Prague & bring home furbaby when we get back
    imageimage
    ~ Karen ~
    **Wedding/House/Travel Bio **
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