Omg give them the f'ing house!!!
My parents have been trying to by a condo since last August/September. The sellers have jerked them along with extending the completion date, making errors during building, etc. The mortgage company told them they could close last Wednesday, so they drove 2 days to get here to close. Now they still don't have a closing date, mortgage company and lawyers are saying they "can't prove they don't don't have a lein on their current house" and sellers are threatening to keep their deposit and sell their condo to someone else. My parents have a totally paid for house that they have buyers for to close in June, $190K in the bank, and a million dollars in stocks. It is a $340K condo they have already put 17K down on and were planning to put the rest of 20% down then pay off in a few months once their other house closes. And they can't schedule a closing date because after calls to the city, county, insurance company, etc. who all said they have no records of a lein on the house the attorney still isn't satisfied?!?!?
I think the attorneys are going to work it out. And if they don't, we probably have a way to get the cash to pay for it with a few phone calls (can't sell stocks in time to meet the deadline seller has given, so have to borrow cash from family). But OMG if my parents in this situation can't buy a house who the F can??? And how do you prove a negative? They've proven they paid off their previous mortgage, but attorney says they need to prove they didn't get another one.
