4. The Process
Did we mention it's a foreclosure?
Yep, that's why the price was dropping. Here's the rundown on the issues we knew about:
- It's a foreclosure - the property had already been auctioned off at the courthouse steps. The bank that was carrying the note bought it.
- The house is occupied. The information said the purchaser would need to have them evicted.
- There's about 12 "Private Property - No Trespassing" signs
- The shop comes with the property. It's large, and nice
- We can't inspect or view the house before we purchase it.
- It's a cash deal - no financing option
- It's on an Auction site that specialized in foreclosures.
I mean, think about it - what could go wrong?
We started praying about it, asking God that if was the place for us to make it clear and obvious. There were some big hurdles: The biggest would be coming up with cash up front, before we had a chance to even put our house on the market, then there's the issue of storing our stuff if we can't get the people out before we sell our house.
As He always has done in our lives, things started to fall into place. Within a few days we had secured a Line of Credit that would let us cover the $ side of things. Next we went into hyperdrive to get our house on the market, we had three showings the first day it was listed and an offer on day three!
Ok, God - here we go.
Next hurdle: Win the auction.
