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 We're bidding on a property tonight! UPDATE

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T O P I C    R E V I E W
acairnsmom Posted - Nov 29 2010 : 08:50:22 AM
I'm so exicted I can hardley sit still. We've been looking at property since early summer. Made a few offers on some, been too late on others. Now, a 40 acre parcel with a very nice large home on it is up for auction from Fannie Mae this evening. There's a potential we could pick this up for very little money but on the reverse there could be auction crazy people who just want to bid it up.

If all my sweet fg sisters could say a prayer or think good thoughts for us I think we might be able to be the high bidder on this little piece of heaven. Squeal!

Audrey

Toto, we're not in Kansas any more!
25   L A T E S T    R E P L I E S    (Newest First)
acairnsmom Posted - Dec 02 2010 : 11:42:31 AM
Thank you all so much! I am feeling so blessed right now, it's rather humbling.

For those of you who asked I was looking on the MLS online daily but kept thinking I was missing something since so many of the foreclosed homes around here weren't on the MLS. I went to the websites of the VA, FHA etc and somehow found out about Fannie Mae and voila! There was this really nice property that was not on the MLS. It had just been reduced in price to something we thought was doable but by the time we called the listing realtor she said it wasn't available since it was going to be auctioned. We still called our realtor about it and he arranged for us to go out and look at it. I then started checking the auction company's website and saw it was finally scheduled for auction. You know the rest of the story.

If you're interested in checking in your area, Fannie Mae's website to see the homes is http://www.homepath.com/. VA homes can be found at https://va.equator.com/index.cfm? FHA homes can be found at http://hudhomestore.com/HudHome/Index.aspx.

If you are remotely thinking about it, I'd check it out. There was another property auctioned that night that was 4+ acres and a 1000 sq ft home that went for $35,000! It did need a lot of cosmetic work (carpet, doors, appliances, etc) but $35,000? That's less than a lot of cars for sale now!

Audrey

Toto, we're not in Kansas any more!
Bonnie Ellis Posted - Dec 01 2010 : 9:25:05 PM
A farm, and 40 acres. Hope all goes well. Have you on my mind farmgirl. Blessings. Bonnie

grandmother and orphan farmgirl
Rxgirl Posted - Dec 01 2010 : 8:25:58 PM
Oh my gosh...that is so exciting!!! I think we are all doing the happy dance for you! Please post pics when you can ( and I have to say how jealous am I that you get to have chickens)

Dana-farmgirl #1432


"He who throws mud only loses ground"-Fat Albert
delicia Posted - Dec 01 2010 : 3:12:51 PM
Way to go Audrey. It sounds like a wonderful property and deal. Fannie Mae has been pretty good to work with. I do the mortgage part and they have been great on my end. I hope we can see some photos of you and some chicks come Spring.
d
Huckelberrywine Posted - Dec 01 2010 : 10:03:02 AM
Great news! Enjoy!

We make a difference.
homsteddinmom Posted - Dec 01 2010 : 09:15:09 AM
wooohoo!

Homesteading Mom in East Texas. Raising chickens, Rabbits and goats here on my farm!
HealingTouch Posted - Nov 30 2010 : 11:25:03 PM
Congrats! I'm so excited for you. 40 acres so no one will be on top of you. Yippee! God is Good All the Time...isn't He?


Blessings and Peace,
Darlene
Sister 1922

God first, everything else after!

DNA doesn't make us sisters, Love does!

The road to a friends house is never to long!




missusprim Posted - Nov 30 2010 : 7:45:12 PM
Congrats to you! I'd be staying up all night dreaming of the things I could do with all that land. A pond, chicken coop, HUGE garden, on and on.

I saw your post and kept scrolling down hoping that I'd see where you got it, and I wasn't disappointed! I bet you're in seventh heaven!

Keep us posted on the goings on and when you'll get to move, etc., k?
CountryBorn Posted - Nov 30 2010 : 6:14:36 PM
Congratulations Audrey!!! I'm so glad it all worked out for you. It will be exciting to hear how things are progressing. Keep us posted.

MJ

There can be no happiness if the things we believe in are different from the things we do. Freya Stark
grace gerber Posted - Nov 30 2010 : 4:53:24 PM
OH I am doing the Happy Dance for you... I just knew that this was going to be your Christmas Present... Yeah and chickens will be the cherry on top. I am so happy, Happy, HAPPY for you both.. Keep us i the loop on your new adventure.

Grace Gerber
Larkspur Funny Farm and Fiber Art Studio

Where the spirits are high and the fiber is deep
http://www.larkspurfunnyfarm.etsy.com
http://larkspurfunnyfarm.blogspot.com
http://larkspurfunnyfarm.artfire.com
Fiddlehead Farm Posted - Nov 30 2010 : 4:32:25 PM
Congratulations Audrey! I just knew you would get it. Keep us posted please.

http://studiodiphotosite.shutterfly.com/
farmgirl sister #922

Happy to be a "Raggedy Ann" in a Barbie World!

I get up every morning determined to both change the world and have one hell of a good time. Sometimes this makes planning my day difficult.
- E. B. White
Miss Bee Haven Posted - Nov 30 2010 : 2:10:15 PM
I am thrilled for you, Audrey. Your excitement jumps out of your posts. What an adventure you're about to start on. Take lots of pics and journal about it. Good luck and keep posting about it. :)

Farmgirl Sister #50

"If you think you've got it nailed down, then what's all that around it?"
'Br.Dave Gardner'
Betty J. Posted - Nov 30 2010 : 10:16:30 AM
What a wonderful dream come true for you. Fannie Mae doesn't know what a deal she has made!
Betty ini Pasco
Alee Posted - Nov 30 2010 : 10:11:00 AM
YAY!!! Congrats! That is so awesome!

How did you learn about the auction? I am seriously considering this for Doug and I when we have the chance in a two years.

Alee
Farmgirl Sister #8
www.farmgirlalee.blogspot.com
www.allergyjourneys.blogspot.com
Put your pin on the farmgirl map! www.farmgirlmap.blogspot.com
acairnsmom Posted - Nov 30 2010 : 09:33:12 AM
Thanks Nini and Susan! I guess Fannie Mae has two weeks to approve the sale price (which the auction people said is rarely a problem)then we can close 30 days after we get the approval. So we are looking at mid to late January before we can get possession. Brrr! Moving in January in Wyoming is going to be brutal but we only have to move a small apartment for now. We still own the house in Littleton so the rest of our furniture and belongings are down there and can wait until it's warmer to move that.

(happy Dance)

Audrey

Toto, we're not in Kansas any more!
Cindy Lou Posted - Nov 30 2010 : 09:19:57 AM
Conghratulations Audrey! How wonderful to have Christmas before Christmas! So when can you get moved in? Winter moving isn't a lot of fun usually but to be in there and planning for spring would be marvelous.

So happy for you!
Susan

"Tell me, what is it you plan to do with your one wild and precious life?"
Mary Oliver
Ninibini Posted - Nov 30 2010 : 09:13:24 AM
YES! Congratulations, Audrey! I'm so happy for you!!! - Nini

God gave us two hands... one to help ourselves, and one to help others!

Farmgirl Sister #1974
acairnsmom Posted - Nov 30 2010 : 08:57:07 AM
We got it! I am beyond ecstatic! And we got it for a good price, around the same amount we paid for our house in Littleton 26 years ago! This one is way bigger, has nicer appliances and cabinets PLUS it's got 40 acres rather than the 1/3 acre of the house in Littleton! I finally get to get some chickens this coming spring! And eventually we want to get some miniature cattle. The street is called Charolais Lane, I wonder if they have miniature Charolais cattle?

I feel like I'm in a really nice dream!

Audrey

Toto, we're not in Kansas any more!
Alee Posted - Nov 29 2010 : 7:09:26 PM
I hope it goes great Audrey! Please let us know!!

Alee
Farmgirl Sister #8
www.farmgirlalee.blogspot.com
www.allergyjourneys.blogspot.com
Put your pin on the farmgirl map! www.farmgirlmap.blogspot.com
RueAnn Posted - Nov 29 2010 : 6:23:01 PM
Best of luck Audrey!
Huckelberrywine Posted - Nov 29 2010 : 3:45:13 PM
Wow! wouldn't that be something?! Best of luck. I'm sorry for the family who couldn't hold on to it, but maybe it was meant to pass to other hands (hopefully yours!). I hope something better for them too. Times are tough, but maybe something good will come to them as a result too.

We make a difference.
CountryBorn Posted - Nov 29 2010 : 2:11:47 PM
Audrey. I wish you the best of luck! I hope your dreams come true and you get your property. What a wonderful present that would be.

MJ

There can be no happiness if the things we believe in are different from the things we do. Freya Stark
grace gerber Posted - Nov 29 2010 : 1:18:49 PM
Audrey - we will just count that property as your Christmas Present!!! I will keep you in my prayers and just know that all for your higher good will be yours.

Grace Gerber
Larkspur Funny Farm and Fiber Art Studio

Where the spirits are high and the fiber is deep
http://www.larkspurfunnyfarm.etsy.com
http://larkspurfunnyfarm.blogspot.com
http://larkspurfunnyfarm.artfire.com
acairnsmom Posted - Nov 29 2010 : 09:43:21 AM
Thanks ladies! I guess this is just the beginning of the process. From what I understand of the auction process, you start off at a set opening bid (in this case it's $25,000.00 then bid until you have the high bid. The second hurdle after the bidding, Fannie Mae has two weeks to approve the high bid auction price. Third hurdle is closing within 30 days of the approval. Once all of those happen we can "relax" and start the moving in process! Looks like we might be in for a very intense 2 months and I'm not even thinking about Christmas at this point!

Audrey

Toto, we're not in Kansas any more!
Fiddlehead Farm Posted - Nov 29 2010 : 09:11:18 AM
Audrey, crossing my fingers and toes for you and a little prayer thrown in for good measure! I hope you get it a a reasonable price. My DH and I have been looking for around 40 acres too!

http://studiodiphotosite.shutterfly.com/
farmgirl sister #922

Happy to be a "Raggedy Ann" in a Barbie World!

I get up every morning determined to both change the world and have one hell of a good time. Sometimes this makes planning my day difficult.
- E. B. White

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