Tuesday, December 1, 2009

Livin' in the Land of Limbo

Today was supposed to be the day we closed on our new house in Montrose. Yesterday was supposed to be the day we closed on the sale of our place in Moab. None of it happened.

Our buyers, through no fault of their own, found themselves without the funding they had arranged for months earlier. The credit union association had picked last week to do an audit on 13 credit unions in Utah. Funding was frozen. Our sale and purchase were on hold. And as I write this, they still are. There are rumors that the funding may reappear at any moment. Until that happens, we are living in the land of limbo. Most everything except our toothbrushes are packed and ready to go. But there is nowhere to go.

Our buyers have scrambled to find alternative financing, both private and with other financial institutions, but it all takes time. A week ago, when we found out that everything was on hold, we were sure the entire sale would fall through. But now, I know it will happen. We just don't know when. Tentatively, we are set up to close on the 14th in Moab, and the 15th in Montrose. If the funds from the credit union re-appear, it may be sooner. Try arranging your movers with those parameters, not to mention your life.

It was a stressful week and we can hope the worst of the shit has already hit the fan. If it hasn't, were standing by with shovels.


Peggy said...

We'll keep our fingers crossed that your sale/purchase proceeds as planned in about two weeks. In the meantime you'll have to keep from going crazy. How about extra sessions in the hot tub? Extra vino with dinner? Extra long walks with Fergus? Lots of posts on North of Andorra? Time to take up calming yoga or learn to whittle a Santa out of a block of wood. Knitting socks also keeps idle hands busy! Well, you get the idea. Good luck!

Anonymous said...

I'm so sorry, nothing could be more nerve wracking. I guess patience and good humor will be hard at work here. I wish I could do something to help. Lest us know when you know. Love Leslie

Anonymous said...

I'll keep my fingers crossed...that last minute crap can drive you crazy!

Obviously Thanksgiving was somewhat of a bummer...but hopefully the Christmas holiday will find you in your new home...celebrating like mad!

Good Luck. Luke