Alas, such was not the case, as the deal fell through at the last minute.

My offer went from 53 k to 58 k (they were asking 64 k originally) and just today I heard from the bank that the other offer fell out for some reason.(2nd lesson learned--> I should have stick to my 53 k!!

However, all the roof pipes are rusted to heck - and i mean its a mess up there, so maybe debris fell in and plugged the vent so maybe no oxygen?

Home sales fell by 18%.

Since I had no success with FSBOs & FRBOs on Craigslist, I contacted Realtors with seller listings for sale & for rent on Craigslist.After I asked would their seller consider a lease with option to buy, the Realtor told me there had been 2 contracts that fell through b/c of financing.The Realtor asked me how long would I want to lease and what is my situation.I already mentioned a "lease with option to buy" and the Realtor did not tell me to take a hike, so how should I approach this and answer the Realtor and seller?

You know, I've always wandered when this would happen....and why banks or even listing agents were accepting a loan committment from a non-regulated lender.Sorry to hear your deal fell apart.That will really put the funding brokers holding themselves out as lenders in a bind until they figure out how to restructure and when they do, they better keep in mind SEC regs.

When the market dropped severely you could use the 2% rule and the numbers fell into place.

That one fell through at closing when the seller didn't show.

I hate to say it but in the long run it was a really good thing that first contract fell through.

The reason being is that they wouldn't allow escrow for repairs on a minor foundation repair according to the inspection report and the deal fell through.