Tales of a Foreclosure Virgin – Part III: The Wrinkle

New Bern, North Carolina is a stunningly beautiful town that pre-dates the American Revolution. Tryon Palace is the diamond tiara of the town. It was built between the years of 1767-1770 and housed the royal governor of the Carolinas and served as the capitol building of the colony. The house burned to the ground in 1798, a road was built over the site, and it wasn’t till the 1950’s that an enterprising and wealthy woman had the mansion reconstructed, brick by brick. Today Tryon Palace is open to the public as a living period museum, every stick of furniture and book replaced by the foundation that runs it. There are formal gardens to meander through, and a tranquil walled vegetable garden.

I thoroughly enjoyed visiting there. After all, I was buying a similarly-aged home that was a passive witness to a big part of the Revolution. George Washington’s Continental Army was encamped just up the road from Silver Spring.

As my sister and I were later shopping our way through downtown New Bern, my cell phone started ringing. It was Margie. She sounded like she was ready to hurl. Remember how I mentioned that foreclosure realtors forget to do stuff? It seams that the seller’s agent, I’ll call her… Stupidhead, went on vacation and forgot to enter our revised bid into Megabank’s foreclosure supercomputer.

In the meanwhile, someone else had also submitted a bid. So… The farm I was buying wasn’t quite mine to buy anymore. Megabank apparently enjoys a good fistfight, so they asked both of us to submit our “best and final offer.”

Here is where I warn you, gentle reader, that should you endeavor to buy a foreclosure some day, do not – DO NOT – become emotionally invested in what you seek before you are locked in to buying it. I had walked Silver Spring’s fields, and in my mind had populated them with happy farm animals and budding crops. In just a few seconds, that dream was shattered.

Best and final offer was made. We added $10,000 to our asking price and agreed to close in two weeks.

This time Stupidhead submitted the paperwork properly.


About Silver Spring Farm

I am a beekeeper and organic gardener who is in the process of turning my renovated foreclosure property into a working farm. My etsy shop is located at www.leesbeesnj.etsy.com where you can buy honey, lip balm, creams, soaps and other cool stuff. Bee happy!
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2 Responses to Tales of a Foreclosure Virgin – Part III: The Wrinkle

  1. Very nice website, thanks for share this article with us

  2. click here says:

    Good Stuff, do you currently have a twitter account?

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