Saturday, March 29, 2008

Well, that sucked.

We spent five hours at the closing yesterday. After all of that, Bank of America couldn't get its act together and the closing fell apart. We called it a day around 7pm when it was clear there was going to be no resolution (and after several people at B of A just decided to go home mid-deal, without any warning). We did what they call a "dry close," meaning everything is still in play, but we need to close on Monday or this deal is dead.

So we are strategizing with our attorney and Atherton this weekend to see what we can do to get this deal to close on Monday. At this point, really anything can happen, so stay tuned.

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