Flip This Wholesaler

5/20/09

I forgot to write this in my last post.... one of the deals with DB closed on Friday. The other one is supposed to close tomorrow, but Deutsche bank is too busy to sign the deed package, so we have to get ANOTHER extension until the 28th. This will be extension #2. The first time we had to extend it because Watson Title didn't have the lien search done yet (because they suck), and now that they have everything ready to go, the bank is too busy to sign off on the paperwork.

This makes no sense to me at all. Why in the hell do they need an extra week just to sign paperwork? And how is it that they have time to sign another extension, but they don't have time to sign the deed package? Inquiring minds want to know.

You might not think waiting another week is that big of a deal, but there's a lot that can happen in one week..... Deutsche could get bought out by another bank the day before closing (this actually happened once), Obama could come up with some nifty new legislation banning investors from buying REOs because we are all evil capitalists, DB could get thrown in jail for cocaine possession, the house could burn down, etc, etc.

You just never know what's going to happen, ya know?

Later alligators- gotta go make some offers...

P.S.
Someone found my blog yesterday by googling "Watson Title Sucks." Hehe.

P.P.S.
To all of Steve Cook's coaching students- don't forget to sign up for the REI 2009 Bootcamp that he is doing with Shaun McCloskey- we get to go for free! There are 2 locations and dates- I think I'm going to go to the one in St. Louis. Hope to see all of you there. :)