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Thankfully the Amy Arnofer team of Blue Springs, MO sold them both in 24 hours. It is CLOSED, DONE. The money is in my acct.
My attorney is speaking with some folks in MO to see if I might have a case. The R/N agent DIED on 3/15/16. He was going to me our star witness. My attorney asked for 7-10 more days for him to decide if we have a case against R/N. I think his argument goes something like this: "The R/N agent should have known this was a bunch of BS early on . . . He should not have let it go on for so long."!
Sounds like a far shot for me. But at least I got a bunch of 'experience points' - the long and expensive way . . . I trust my attorney. He is honest. If he thinks, after doing his research that I have no case - he will let me know.
Thankfully the Amy Arnofer team of Blue Springs, MO sold them both in 24 hours. It is CLOSED, DONE. The money is in my acct.
My attorney is speaking with some folks in MO to see if I might have a case. The R/N agent DIED on 3/15/16. He was going to me our star witness. My attorney asked for 7-10 more days for him to decide if we have a case against R/N. I think his argument goes something like this: "The R/N agent should have known this was a bunch of BS early on . . . He should not have let it go on for so long."!
Sounds like a far shot for me. But at least I got a bunch of 'experience points' - the long and expensive way . . . I trust my attorney. He is honest. If he thinks, after doing his research that I have no case - he will let me know.
The plot thickens.
Once you hear from your attorney, you may realize that it's best just to move on and put this episode behind you.
That is exactly what I am/was thinking as I sat in Doug's office. "Dean, what about blah?" Dean, why is this BLAH?"
I DO NOT REMEMBER. I DO NOT CARE. I AM THANKFUL THE NIGHTMARE IS OVER. I have learned my lessons.
Doug said for me to give him 7-10 days to make a decision as to if we got a good case or not. One thing we both agreed on, if we do not have a good enough legal case, that I have a civic obligation to call the MO board of 'Big Cheeses' and let them know what went on . . . Maybe they will take his MO license away from him . . . YET, even that might require another set of several hours of talks and providing paperwork/contracts . . . And lets say the 'Big Cheeses' take his license. Is that going to come back and haunt me and my young family?
Decisions, decisions. I'll let it is Doug's capable and trustworthy hands . . . . Thank you Jack for hanging with me during this drama. Much appreciated. Take care, Dean
Correct. The original 'buyer' never closed. They buyer and agent were together in bed for two months. In three weeks we had six different closing dates. That is a little excessive isn't it?
I hired REAL pros, and my properties were sold in a week.
I have not read the entire thread. Was this a 'wholesaler' who was not able to find an actual buyer? there are legitimate wholesalers, but so many are not. That leaves a lot of disappointed people. This is why 'wholesaling is not even legal in some states.
I have heard the term wholesaler but I do not even know what one is. The 'agent' had an ad on the net for one of those 'one buy ugly homes' type of thing. He was slick on phone. Within two weeks he had talked to one of his 'international investors'. We used dotloop (but agent never signed anything) documents and contracts prepared by a ReeceNichols agent to have a closing date set. It was set in early Feb. So, we had a 'buyer'. The buyer never could get his money wired to the states in time to really close. He always had an excuse. 2 months and five closing dates later, I said 'bye' to both of them. Hired REAL agents/brokers/company and within one week my two properties were sold, and the money was in my bank.
I think with deal one - 'buyer' and 'agent' and ReeceNichols broker were in this all together from the start. When they couldn't sell the contract to a higher bidder they kept stalling for time. Thanks.
It sounds like someone was tying up houses like yours, and then trying to sell them so they could close at the same time that their purchase closed. This way they did not really have to come up with money to close, as it was closed with another persons money. Their profit would be the difference between what they paid, and what they sold it for.
This is very common in the real estate business....
Overall your statement is correct except I'd say it's not "very common". I'd say occasional.
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