Posted by DonDe on April 21, 2004 at 19:30:13:
Thanks for the reply, Phil.
My people filled their Uhaul as I had said and took off for Texas Monday morning.
I talked with them Friday afternoon about the home and was told that If I could come up with $115,000 offer by Saturday, it would be mine. This offer would have cashed them out of the $104,000 mortgage and if sold the penalty of $5000 would have been due. This would have netted them about $4000 on the sale. This is why I wanted a crash course on “subject to” on Friday. With the proper paperwork, I could have had a property that would have sold in the neighborhood of $150K.
My belief is that someone else met with them Friday night and offered them a “subject to”. Although she said that they were meeting with someone that evening, she wouldn’t go into any details as to who and what was going to be discussed. I had been working with them for about three weeks trying to get an option to purchase or L/O. I had a good rapport with them and thought I could make something work.
Suppose they took the other people’s deal.
Friday or Saturday, I really needed the help to put this together, however, no one on the board came forth.
I do appreciate the reply and, yes, I will call you. What is the best time to reach you?
BTW - I have recognized you from your posts on the MH Forum.