Flip This Wholesaler

8/1/2008

You guys are all going to be shocked about this bit of information, so, please brace yourselves……

The pink house deal DID NOT CLOSE TODAY!!

I know, I know, it’s SHOCKING!

Heck, it’s only a month and a half past the original closing date- why on God’s green Earth would anyone expect the bank to actually be ready to close?

What the hell do they do all day over at Kahane and Associates, I wonder?

I imagine them sitting around playing Boggle, passing a bong around and eating ham sandwiches…..

Oh well- perhaps they will get to my deal next week.

Or maybe next month.

Or next year.

Assholes.

P.S.
I got another REO under contract yesterday. Could be my best deal yet. Well, unless the bank fucks it up somehow, which is entirely possible.

Have a great weekend!

THEY ALL SUCK.

Seriously. I have yet to meet one single mortgage broker that wasn’t a complete hack job. NOT ONE.

Why is that, I wonder?

Is that something they teach in mortgage broker school- to be a complete hack, and to over promise and under deliver? Do they also teach you guys to NEVER ANSWER YOUR EFFING PHONES?

Inquiring minds want to know.

3/7/2008

These banks, they kill me.

Apparently, the asset manager for the bank, whose signature is needed on the addendum in order to close this deal (REO #3) today, is MIA. Disappeared into thin air. When I asked the lady at the title co. if she tried to call her, she told me she doesn’t have a phone.

That’s interesting.

Perhaps she communicates via Carrier Pigeon? Or, Maybe, The Pony Express? That would explain the 7-10 days it takes her to get anything signed/emailed/faxed, etc. It all makes perfect sense.

So……We continue to wait.

I’m irritated.

1/14/2008

The listing agent of the REO that I made an offer on over the weekend called to tell me she received my offer and would be submitting it to the bank.

I don’t see why it wouldn’t get accepted, seeing that it was a cash offer for over list price, but who knows what sort of shenanigans are going on. My offer price on this one was $55,000, and I plan on marketing it for $59,000. I don’t think it will be hard to sell at that price- it’s a 3 bedroom block home in a semi-decent neighborhood. Now I just have to wait….

Oh, guess who called me Friday asking if I had any properties available……. Crazy Caroline!

Can you believe it?

She said she’s in buying mode again, and told me to send her what I have.

One of my wholesaler buddies just got a property in one of the areas she likes, so I sent her the info and she went to check it out this afternoon. I should be hearing back from her tomorrow.

Who knows, maybe we will end up being friends after all, and one day while we are having mimosas over brunch I will tell her all about my blog- how I refer to her as “Crazy Caroline” , and how when I first met her I hated her guts and thought she was possessed by the devil.

Hehehe.