We think we'll be able to get this house. The price has already dropped into our acceptable range, it's been on the market for two years, and we know of no other people interested in it. We've put in a bid and will now wait for the counter offer. The difficulty will probably be in that it is currently jointly owned by four siblings.
Meanwhile, our bank has sent us an automated denial letter based on our empty credit history. We, by choice, don't have credit cards and have only borrowed money once before. That was to buy our previous house, and we paid that off in about seven years and that was ten years ago. Basic credit reports don't go back that far. We're trying to see if our bank won't do a real credit check to see we actually have enough in cash and other assets to buy the house outright as well as how reliably we pay our rent, utilities, etc. If they won't do that, we have a couple of recommended mortgage people as well as going to the Maine State Employee Credit Union (who I will be calling tomorrow.)
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