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Home > I am losing $56 a day!

I am losing $56 a day!

January 10th, 2007 at 09:22 pm

It really makes me mad, cause I am losing $56 a day. I have worked hard most of my life, and I have never ever once, made $56 a day. I usually worked for minimum wage!
We build a spec house which we sold months ago. The people are in no hurry to close cause they have not sold their other house.
We finished the house up mid December. I called for inspection on the 13th. I knew it would be hard to close by christmas, but I had hoped by the end of the year.
The lawyer the bank used, closed the entire week after christmas.
The first week in Jan., I got a call. The closing will be Friday, Jan.19th at 2 pm.
That is when the owner's plan to be here and to close.
In the meantime, I am losing over $56 a day in interest and it is really upsetting me!!
Please notice the closing time. I will lose three more days of interest because I can deposit the check until after 2 pm on Friday, so interest does not start until Monday.
When this thing closes, I will be doing the dance of JOY!!!

Posted in Uncategorized | 6 Comments »

6 Responses to “I am losing $56 a day!”

  1. Aleta Says:
    January 11th, 2007 at 12:40 am 1168476054
    1168476054

    Ima, I feel so sorry for you guys. I can only imagine how you must feel. Can you in the future, with your lawyers, put a stipulation in your agreement that says that as soon as the house is finished that the new owners will have to pay rent. That happened to my in-laws. They had to pay rent because they were waiting for their house to close. PLEASE check it out. I don't think it's right what these people are doing. Talk to your attorney or find another attorney.

  2. boomeyers Says:
    January 11th, 2007 at 02:11 am 1168481471
    1168481471

    I think it is just the nature of the real estate beast. The gamble you take to make money. Sorry to hear they are dragging it out!

  3. Broken Arrow Says:
    January 11th, 2007 at 02:08 pm 1168524498
    1168524498

    Yeow. $56 a day is a lot of money.

  4. Lau Says:
    January 11th, 2007 at 04:54 pm 1168534442
    1168534442

    Didn't you sign a P&S agreement?? It should state the dates that the inspection should be done by the buyer, the date they should get financing approval by and the closing date.

  5. Aleta Says:
    January 11th, 2007 at 05:14 pm 1168535641
    1168535641

    My husband is in the construction business as well and he said they did that for income reasons. There are contracts that you can draw up like the above person says that stop this kind of thing and if they don't move in, they have to pay you rent. Check it out. It happens all the time.

  6. sicilyyoder Says:
    January 11th, 2007 at 06:00 pm 1168538449
    1168538449

    You need to celebrate on Friday!!!!

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