Office of Steam Logo_1

Author Topic: Preparing to Move My Family & The Office of Steam - Our Deal to Sell Went Sideways and Down the Drain  (Read 353 times)

RedRyder

  • Administrator
  • Hero Member
  • *****
  • Posts: 3258
  • Location: Connecticut - USA
Our house went under contract to sell back in May. Our buyer failed to get a mortgage commitment.
After stringing us on through about 7 or more extensions for a mortgage commitment which came and went with no approval for buyer to borrow, we met here at our home, He claims his identity was stolen, that he needed to file a police report to get 2 of the 3 credit bureaus to clear his name. When I asked if he had filed the police report in New Haven where he was advised to go.... he said not yet. I asked how long he knew he had a credit problem.... He said something like 4 to 6 weeks. This to us means his story just doesn't add up. If he wanted a mortgage the only important thing he had to do was file the police report and give copies to the 2 bureaus. Smells fishy. I told him since his broker and family indicated they could access lines of credit against their business properties, he should talk with them and do this. I also wanted to see his tax returns for the last 2 years which he agreed to provide. Then Simone and I spoke with the 2 brokers involved and came up with a plan that might allow him and his family to do this beginning with half the money instead of all. We would never get the chance to present this to them. He and his family won't return calls, messages or e-mails. He won't even respond to his own broker. Less than an hour after he left on Friday, his attorney sent our attorney an e-mail saying he is terminating the deal. Reason given is we didn't give him another mortgage extension. He never even submitted an application for a mortgage which should have been done by June 25th.

An already stressful process has become stress on steroids... and then some. It's becoming a nightmare and not just for us. The seller of what should be our next home can't close on the home she is buying without us closing with her.

The seller of the home we were under contract to buy had her movers pick up her entire household on Sept 24th.... the day Simone and I were supposed to take possession. She is now living in a camper in her driveway and she is not a happy camper.... literally! The people she is supposed to buy from are now in the same boat. They cannot close on their next home until she closes with them. Who knows how many more dominos are in this broken chain.

The Office of Steam feels empty as more than 90% of my collection is resting peacefully in a climate controlled storage unit. 
The Closet of Steam which once, behind glass, held over 30 Jensen pieces now has only one left and a few other pieces to take up some shelf space. The one still there is the mighty Jensen #51 Power Station. I think I deserve a break from packing and other normal distractions like work long enough for a steam-up...!!!

A month ago it looked like this...  
and there were another 15-18 Jensens here in the office - not in the converted closet display cabinet.

[ Guests cannot view attachments ]

[ Guests cannot view attachments ]



Now it looks like this....
and all of these areas were full of engines.

[ Guests cannot view attachments ]

[ Guests cannot view attachments ]

[ Guests cannot view attachments ]

[ Guests cannot view attachments ]

[ Guests cannot view attachments ]



There were a couple of recent acquisitions I haven't had time to update you on.

A pair of V-Twins  

Scale Heisler Locomotive Engine
Gas V-Twin

[ Guests cannot view attachments ]

[ Guests cannot view attachments ]

[ Guests cannot view attachments ]

RedRyder

  • Administrator
  • Hero Member
  • *****
  • Posts: 3258
  • Location: Connecticut - USA
I feel like I'm rambling as I crammed a lot into one thread!

Gil

jbfly@triad.rr.com

  • Jr. Member
  • **
  • Posts: 168
Sorry Gil

Praying for a quick resolution for you and your family.

St Paul Steam

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 3278
  • Location: St. Paul Indiana
Well darn I hate to hear this about your house troubles Gil, it really stinks when people can't behave professional about such things and blow the whole deal to smithereens. I hope the good Lord sort things out to an amicable solution for all involved.
Bruce
St. Paul Indiana , USA

classixs

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 2119
  • Location: Jutland
    • www.SteamUp.dk
Sorry to hear this Gil!

Moving one´s entire home is big enough a deal on its own, without having to suffer setbacks like this.
Wonder why someone like the one you just encountered, would even look at houses without having their financial status properly calculated first ::)
Cheers
Jan
WEBSITE: SteamUp YOUTUBE: SteamUp

jkbixby

  • Full Member
  • ***
  • Posts: 782
  • Location: Gahanna, Ohio
Really sorry to hear this Gil - I hope that everything goes well in the future without any more problems.
Regards,
Larry

parallelmotion

  • Jr. Member
  • **
  • Posts: 219
Very sorry to hear this. It does sound like this guy was a crook with ill intentions from the very beginning. Hope you'll still be able to move as planned. Brent

RedRyder

  • Administrator
  • Hero Member
  • *****
  • Posts: 3258
  • Location: Connecticut - USA
Thank you, all.

I will catch up more as time allows.

Be blessed,

Gil

Nuvolari

  • Jr. Member
  • **
  • Posts: 181
  • Location: Belgium, Niel bij as
    • Stoomwereld / Steam World / Dampfwerld
I hope you find a solution quick Gil.
My Cousin in the UK had similar problems, it took her Half a year, after she was suppose to move, Living in a house where most thing are in storage can be very stressful.
I hope You and Simone will find happiness soon…

Best regards,
Danny & Myriam
Danny
"Das lied schläft in der Maschine"
(the song sleeps in the machine) lyrics Einsturzende Neubauten song "Nnnaaamm"  http://stoomwereld.webnode.be

RedRyder

  • Administrator
  • Hero Member
  • *****
  • Posts: 3258
  • Location: Connecticut - USA
Thank you Danny and Myriam.
Nice to hear from you!

Gil

yussufhippo

  • Jr. Member
  • **
  • Posts: 116
What a lousy behavior!

All the best to you and your family!

smokey1961

  • Jr. Member
  • **
  • Posts: 32
  • Location: Grandview,mo
Very sorry to hear that gil.......hope it gets better for you real fast.....

Jim

  • Administrator
  • Hero Member
  • *****
  • Posts: 3827
  • Aussie Steamer always on the boil :)
  • Location: South Coast of New South Wales Australia
That's gotta' be a tough situation for you all Gil.
Selling and buying a new home and then moving is bad enough without getting strung up and down like your on a yo-yo.

I hope it all sorts itself out really quickly and you can move forward and get settled in your new home.
_______________________________________________
Cheers.
Jim

My YouTube Channel https://www.youtube.com/user/Blue123Heeler/videos


Woe is me

  • Sr. Member
  • ****
  • Posts: 1010
  • Location: The Great White North, Michigan.
This stink's Gill. Did he ask if you would consider a land contract backing it up with,
"Don't worry, I'm good for it"?
To steam or not to steam, that is the questi,,,,,,Ah shut up and "Steam it, like you mean it."        Tommy.

Nick

  • Administrator
  • Engineer
  • *****
  • Posts: 6432
  • Location: Minnesota, USA
    • Nick's Flickr Album
I had the complete opposite situation, house was on the market for a short 3 weeks and gone with the buyer only giving me 11 days to get my stuff out. Hope you get everything figured out some time soon…
Nick

 

August EOTM

In Memory of Trevor Woolan