Thursday, July 17, 2008

Real Estate and God

Reporting on the house in Fremont we bid on months ago........

A few weeks ago, we were told the bank didn't like any of 7 the offers, so put the house back on the market. No bites... The bank seems to be working through several offers quite a bit higher than ours, and one by one they are backing out. Now, the only offer above ours is only 10k higher! Now, the real miracles.....Our home value has dropped 220k! We will not be able to sell and pay commission from the sale. Miracles would have to abound here. If this house is for us, we'll get just the right miracles, and not before we need them.

Lawrence and I have decided to go ahead and pull our credit reports, work on our credit to make it as high as possible. We'd been avoiding this to not make our credit go lower, you get a small hit with each time you check your credit. The lenders are getting so strict, great credit is not enough anymore. Just doing our part..... It's so hard not to get excited. Seeing the 'strong' offers falling away. The Realtor said the property is very possibly going to foreclose, in that event, it may take a year. Never know the plans God has for us. All I do know about His plans is this: "For I know the plans I have for you," declares the LORD, "plans to prosper you and not to harm you, plans to give you hope and a future". Jeremiah 29:11

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