House Selling & Buying

Hi Everyone,
Just a quick post - I'm working through lunch but decided to take a quick break. Did you know in Regina right now it's +33 but with the humidex it feels like +42? That's 107F! And it's supposed to get hotter!

So it is now day 22 since the people who bought our Saskatoon house have taken possession. That would be 15 working days. We were told it would take 7-10 working days for Land Titles to process everything and for us to get our money for the house sale. In the meantime, we had to take out a loan for a deposit on the house we bought here in Regina, along with some fancy bridge financing to cover our down payment to the bank on the new mortgage before the money came in from the sale. Once again - this was only supposed to take 7-10 working days! What do I learn this morning when I call the lawyer? Someone messed up (not at land titles however) and our paper work ended up just sitting there. At day 15, we are still $400,000 in debt because we are carrying two mortgages. Our money is supposed to show up today. Everyone I talk to is quite sure they mention that we are getting interest on this money that hasn't shown up yet. However - that's not our problem! It will be nice to have some interest on that but we aren't getting the interest even until the same time our house money shows up! Oh well, it's supposed to come today so we'll just wait and see...

So I suppose our advice is - please know what you are getting into when you are buying/selling. This market is crazy and businesses are behind with the backlog. Plus people on holidays probably doesn't help. We are dealing with this and it's not a huge problem - just rather annoying! And as for it being so hot - someone get me this house money so I can get air conditioning installed! :D

Take care!