Short-Sale Process

Some have asked "What's going on with your house?" So, I figured I should give the old Tibbetts Family Update on that too. Our realtor told us that our lender sent an appraiser out to the house last week "which is a good thing," she added. She said it confirms that they are trying to see if the offer that we have in on the house is a good one. She feels that we wont have a problem, because it's a perfectly acceptable offer for the house, and the times, and the neighborhood. She's hoping to have "some news" for us by the end of July. So, hopefully that means they will accept the offer, then we can do a short, 30-day escrow from there. We are just happy that the offer is still IN and staying strong, since it's such a lengthy process. We got a call from Chris's mom this week, that some guys were snooping around the house, and when she went out there to find out what was going on, they said they were sent by the bank to change all the locks! Yep, they were basically going to break in (by punching a lock out) and change every key lock on the house! THANK GOODNESS, Shirley called Chris right away, who proceeded to tell them that they could not break into our house, or change any locks, and they had to leave! They left. Our realtor said it happens every now and then-- and explained that they must have seen that the house was empty when they did the appraisal last week, and it is their means of "protecting their assets" from theft, vandalism, people going in and squatting, etc.. Makes sense when you think about it, but it sure felt like a major invasion of privacy, and it's not legal on top of it all! Our realtor assured us that if they were to succeed, they don't even give the keys to the bank, they change the locks and toss the keys, just to know the house is safe (most likely from disgruntled homeowners who are losing their homes). Our realtor would then just hire their own company to go out and change all the locks again, so that they have the keys to give to the new owners when the deal is complete! A crazy waste of time and money in the long run, but it does make sense (after you calm down and think of it-- and think of the stories you've heard of homeowners who have done horrible things like that!).