perfidy

Everything seemed to be going so smoothly. That should have been my clue that everything was about to go balls up. Either that, or I should have known better than to post about something that hadn't happened yet, and was thus subject to the jinx. I am now informed that the land contract issue might be a killer, and that we might not be able to get that property. Land contracts are standard when the acreage involved is more than about ten acres. Land contracts as a rule require 20% down payments. We don't have 20% of $350k. Fuck fuck fuckity fuck fuck.

But, I tell myself, all is not lost. First, we are approved for a mortgage - all we need to do is find a place that is less than ten acres. We can use my wife's idea for the addition to increase the value of the house we buy, sell it in a year, and have enough cash once we sell to put a down payment on a 20 acre plot like the one we want to get now. The plan is not necessarily derailed, and we won't even necessarily lose time. We would, though, have to go through the hassle of buying, selling and moving again.

Also, I have moved into a quick reaction mode in regard to the 20 acre plot - I've talked to the boss of my current lender to see if something might be done. He informs me that it is remotely possible that, by offering more documentation of my resources and history, and writing several begging letters, the underwriter might offer a waiver on some of the restrictions that normally apply. So we'll do that. I've called three other lenders to see if they perhaps might offer something more congenial, and hopefully by later today they will have some positive news.

Having made the decision that we want that particular land, it's a true pisser that we might not get it. And all this additional hassle is to say the least unwelcome. We'll see what happens.