Eisboch wrote:
"Short Wave Sportfishing" wrote in message
...

By the way, did you guys close on Soul Source?



Now it's *this* Friday. (was supposed to be last Friday)

Last Thursday, a day before the closing, the buyer decided to finance
through a home equity loan or second mortgage instead of the boat loan he
had originally set up. Kinda ****ed me off, but there's really nothing
that can be done about it. In a boat sale, the buyer holds all the cards
... the seller just has to adjust.

He was supposed to close on the financing yesterday at 4pm. Then,
apparently there is a 3 day *wait* period in Maryland, so the funds won't be
available until Friday.


Right of recission, I believe, is what it is called. Mortgages, home
improvements, several other major purchases. Three day wait. Hell, I had
to wait FIVE business days for the check on the sale of my 25-foot
Parker to clear because, my crappy bank said, "well, it was drawn on a
money market account." Now that is what I call living off the float.