Monday, May 10, 2010

Back to Business

D's business, that is.

Today the buyer was announced - it is a competitor who will almost certainly have no need for D's team. We are in good spirits. The sale should be completed in roughly 30 days and then the stock money is ours, plus there is talk that the severance packages may be three months' pay instead of just two. We'll see. There are oodles of local jobs for D, and his current managers are actually collecting the team's resumes, because they have been quietly shopping the entire team around to new employers. Apparently there is quite a bit of interest from the companies they have begun pitching to. So we are just going to ride it out and see what happens.

Our realtor checked out the Modjeska probate house for us and based on her report we aren't going to bother looking at it unless the price continues free-falling. Among its other problems, there is a hostile tenant who will not give up occupancy of the garage. There's a really, really nice house that just came up in Silverado but it's $390k, well above our self-imposed $350k cap AND it's a short sale so they are probably not interested in low offers. As always, anything under the cap is un-financeable, and anything over the cap is simply too much money.

I have my last day of class tomorrow, and my final next week. I really hope he gives us our point totals tomorrow, it would be nice to know if I have a solid A or am in the neighborhood of a B. Oh, the horror.

1 comment:

Anonymous said...

awesome that you finally have an answer and that the prospects aren't so grim. keep me posted!

S