Flip This Wholesaler

10/1/2008

I got sick of waiting to hear from the people at the bank's title company about what was going on with my deal that was supposed to close last week, so, yesterday I decided to call them every single hour on the hour until I got a straight answer. This strategy turned out to be quite effective, and I finally got through to the attorney who has been blowing me off for several weeks now, and who I started referring to as "Air Quotes Stacey", due to the fact that I sincerely started to question whether or not she actually existed.... Every single time I called/emailed she was out of the office, on the other line, in a meeting, painting her toenails, eating lunch, etc.. The thought crossed my mind that maybe "Stacy" was code for something over at The Law Offices of Bakalar & Topouzis...something like: "You're screwed and your deal ain't never gonna close, so STOP CALLING OUR OFFICE EVERY DAMN DAY!" Or something along those lines. So, anyway "Stacy" explained what the hold up was and said they are just waiting on some documentation from another attorney, and should have what they need by Friday. I have no faith in that actually happening, but you never know. Maybe the REO gods will throw me a bone on this one.

What else? I just got a counter on one of my offers from yesterday. Listed at 100k, I offered 60k, and they came down to 80k right off the bat. That's a good sign....

And that's all for now, folks...

P.S.
I forgot to say that I told the listing agent I want a lower price if this goes past the 15th of this month. She didn't seem to have a problem with that, and I don't think the bank will either, particularly since I put this under contract in JULY. Another wholesaler told me about this little trick, and has made lots o' money using it. :)