Flip This Wholesaler

1/27/2008

I've been having some technical difficulties (shocking) with my blog lately. Not sure what the problem is, but I hope it doesn't persist. Not sure if it's my computer, or Blogger, or just my horrible luck with all things electronic....

So, the REO that was supposed to close Friday SHOULD be closing tomorrow. That is, if the bank's stupid, worthless, title company can get their shit together. I'm not holding my breath. Here's the last email we received from them Friday at 4:14 pm (this came after trying to get in touch with them on the phone all day to no avail)....

Lee- (Lee is my buyer)

I added the proration for taxes- gives you a credit of $144

The only other thing I need to run by you . . . you remember yesterday I was waiting on completed lien search, which I do have back. . . the only issue is that the city placed a code violation against the property for “trash, debris, and vegetation overgrowth on the property”. Good news is that as of now it stands as a warning and no liens/fines have been assessed. I called the city earlier and according to the code enforcement dept. the city will complete a final inspection of February 11th- if at that time the violations have not been brought up to code then the city will attach a fine to the outstanding violations. . . its fairly standard and the violations are probably due to the fact that the property has been vacant. Just so you have it, here are a few contact #’s-

City of Tampa- Code Enforcement- 813.274.5545

Ryan Shepard is the city inspector who will be completing the final inspection on the 11th- his direct line is 813.426.6026 (I called him earlier and left a message)

I’m forwarding everything to Kristina now- should be okay for closing later on tonight. . . Let me or Kristina know if you have any questions. . . Thanks!!
..................................................................................................................

And that's the last we heard from Nate.

I tried to call the office shortly after we got this email to find out what time the closer (they are using a mobile closer because their office is a few hours away) was coming, and also to give him the address of where we wanted to close (my buyer's house). No answer.

So now, we are out of contract, and have to get an addendum signed by the bank and to the title company, and since both parties take FOREVER to get shit done, I'm guessing we are looking at another 2 days or so. If we were using my title company, this would have been closed at the beginning of last week.

Stupid banks.

Still haven't heard back from the other REO, which I'm guessing means that someone else bid higher. I'm sure I'll see it in my inbox in the next day or so from another wholesaler.

I just got done faxing out 4 offers, and should have 5 more to make tomorrow. Still time to get in one more before the month is over......