Are we done?

Can't answer that one, because I don't know. The seller had until 5:00 MT to respond to our new offer and yet once again we have heard nothing. Makes me want to call her up and demand to know what her problem is. Hey, if she can call me at 7:00 in the morning (knowing full well she's not supposed to contact us) and make my kid late for school I should be able to return the favor. We have spent so much time and so much money on this house purchase only to end up with a very real possibility of getting nothing out of the deal. It's breaking my heart, and driving me insane with stress having our lives up in the air and at the whim of this crazy woman.

And waiting.....

Alright, I know I haven't written in forever. It's hard to get the motivation up sometimes when I don't even know if anyone is reading these posts, but writing often makes me feel better so here I am back at the keyboard. The house. Wow, that could make for one monster post. I'll try and keep it brief. We had begun working out the details about who would pay for what when it comes to house repairs, when I got a call from our loan agent. Our new closing date (Nov 13th) was quickly approaching, so he had our appraiser start the paperwork for the house and had received some bad news. It cost us $75 to find out that the house is unappraisable. There are no comparable homes in the area, average house size is 1200-1500 sq ft and this one is 8000, so he has no way of figuring out what a house like this would normally sell for in that area. If he can't figure out what it would sell for, he can't assure the bank that they aren't providing a mortgage that is worth more than the house and without that assurance the bank won't provide a loan. So not only will OUR credit union not provide a mortgage for this home, NO lender will provide a mortgage for this house. That means we are now without a loan and this woman is up a creek. When we first found out that this may be a problem, John and I started brain storming and decided to request owner financing. This woman doesn't have to sell and can take all the time in the world (if you ignore the fact that she's 80 and could be on the final countdown), so it won't matter to her if it takes us 15 yrs to finish purchasing the house. Which is what we offered. We offered a $5000 down payment and 15yr loan at 3% interest. Oh, and no repairs done to the house. We offered to do them all. She expressed interest and asked for the weekend to think it over, which we were happy to agree to. I'm sure we'll have to go back and agree to a bigger down payment, but she has agreed to wait until our house here sells so we are prepared for that. We won't agree to much more, if any, when it comes to interest since we are offering to do all the repairs but we'll have to see how that goes. So that's where we're at. If she accepts, that means Billings is it for us. We may not ever be able to sell the house, so we better settle in and enjoy it.