We got a call from our realtor over the weekend telling us that everything was finally cleared on our buyer's end, and we were most likely going to be closing this week—maybe even on Monday! While I was thrilled to hear that bit of news, my very practiced skepticism crept in, and out of my mouth came, "Yeaaah. I'll believe that when I see it."
Last night, we got another call from our realtor (notice it's beyond Monday, Tuesday, and even Wednesday at that point). It turns out: FHA loans take 60 days to close once everything is cleared. So, our buyer is now seeking out standard financing at this point.
Why this couldn't happen, oh, like, three months ago, I do not know. And, how did nobody know about the 60 days?