Deleted

[DougoMan]

Deleted

 

[Pulsar]

Here is the situation:

Our family is closing on a short sale purchase of a house, and the bank absolutely wants to be paid tomorrow in cash via a wire transfer (400k). No extensions, we asked.

The money we were going to use was spread out over two bank accounts, but one did not allow wire transfers (the one with the majority of the cash) so we transfered the money electronically to the other (Charles Schwab). Unfortunately the transfer has taken longer than estimated because of the holidays and it does not look like it will be there tomorrow.

Between real estate, stocks, and retirements funds, our family has well over two million dollars of equity. But no idea how to get access to it on such short notice.

Any ideas? We spent six months waiting for this stupid sale to get approved and now it looks like it's all going to fall apart because of this misstep.

I'm sorry, but is this an actual question that you expect someone here to help you with, or just a brag thread?

 

[Markbnj]

Kickstarter, imo.

 

[doubledeluxe]

If I was on that kind of time crunch this is not where I would turn. Contact a professional.

 

[twinrider1]

What are the chances they have another buyer ready to go within a week? Unless it's a screaming great deal, I doubt they do. I would agree with them that it paying tomorrow would be ideal, but that the earliest you can pay is such and such date. I'd remind them that it isn't a matter of if you can pay, but just a small delay. Basically, call their bluff in a polite way.

There are very short term bridge loans, but I wouldn't go that route.

 

[Capt Caveman]

Bridge loan

 

[Imp]

Two million in assets but no lawyer or finance expert to call... just the wildly accurate WWW.