Real Estate Deal Analysis & Advice

A Nightmare Closing Saga: Part II

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23 Articles Written
(This is the second and final part to the article. Check out Part I) The next afternoon I got a call from the buyers’ agent. She told me that the buyers refused to switch title companies as I had requested (the closing was set to take place four days later). I asked her when she [...] View the full article: A Nightmare Closing Saga: Part II on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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    Invoice Factoring
    Replied over 12 years ago
    Wow thats quite a story. Thats the problem with the world; others. lol but in all seriousness it’s funny how personal aspects of a deal can supersede the actual business sense of it all. All I can say is that I’m glad I don’t have to deal with these kind of situations in my line of work.
    Rehab702
    Replied over 12 years ago
    What an outstanding example. I have through countless closings and have had a few problems, but nothing like that. Most of the time when I have had a problem it was due to someone else’s incompetence which, in turn, caused problems for everyone else invloved. There are a lot of idiots in this business and this story shows why we need to stick to our guns when we are right.
    Steven Boorstein
    Replied over 12 years ago
    Great article. Thanks for sharing it… personally I think you put yourself through a lot of grief and anxiety for under $4K… AND I think you let your ego get in the way too… BUT, as I had commented after reading Part One– I could see myself potentially doing many of the same things that you did in the transaction! I hate the idea of getting stepped on… I have to tell you, though, that I would have never thought of the mediation clause! That is really very powerful technique that you used. And, what impresses me is that you found it, not by taking it to an attorney, but by reading the contract over and over looking for what you NEEDED to make things work for you. Good for you. If you ever decide to go to law school, let us know… we could all use a good real estate attorney! Steven Boorstein Landlord Business Insider
    Aurelius Tjin
    Replied over 12 years ago
    Whew, that must have been really tough for you! Some things can really get along the way and into your nerves as well. lol 🙂 Kidding aside, it was a good blog post. I enjoyed reading and learning from it.
    Portland Oregon Real Estate - Guy
    Replied over 12 years ago
    You really know what your doing. Low cost repairs but the pictures looks so much better. Well maybe the granite was not cheap but I usually get prefab. Good lesson.
    Sudarshan
    Replied over 12 years ago
    Whaa!!, that must have been really tough for you! Some things can really get along the way and into your nerves as well. HAHA !!! Kidding aside, it was a good blog post. I enjoyed reading and learning from it.Hope you can post things like this once in a while
    Sudarshan
    Replied over 12 years ago
    Whaa!!, that must have been really tough for you! Some things can really get along the way and into your nerves as well. HAHA !!! Kidding aside, it was a good blog post. I enjoyed reading and learning from it.Hope you can post things like this once in a while
    Sally Howard
    Replied over 12 years ago
    Dear James, Can I call you James? As someone who’s been investing for a long time, I value BiggerPockets and all the helpful information it provides. However, I’ve noticed a trend in your posts. I can never make it through them. In case you were not aware, it is actually possible, sometimes even preferred, to compose a post that contains fewer than 5,000 words. Also, you seem to have an astounding memory. How else would you be able to provide direct quotes from events that happened a year ago or more? I can barely remember things I said five minutes ago, let alone five years ago. I’m very impressed with your high level of cognitive ability. In fact, James, I think one of your “stories” would be perfect as a fiction novel or a Hollywood screenplay. With the writers’ strike going on, they’re probably desperate for material. Of course anything you write would have to undergo a major editing overhaul to correct the plethora of basic grammar errors. However, I can see the film version of your “story” making big bucks at the box office. Best of luck to you with your future endeavors as a budding screenwriter. Sincerely, Sally Howard
    Sally Howard
    Replied over 12 years ago
    Dear James, Can I call you James? As someone who’s been investing for a long time, I value BiggerPockets and all the helpful information it provides. However, I’ve noticed a trend in your posts. I can never make it through them. In case you were not aware, it is actually possible, sometimes even preferred, to compose a post that contains fewer than 5,000 words. Also, you seem to have an astounding memory. How else would you be able to provide direct quotes from events that happened a year ago or more? I can barely remember things I said five minutes ago, let alone five years ago. I’m very impressed with your high level of cognitive ability. In fact, James, I think one of your “stories” would be perfect as a fiction novel or a Hollywood screenplay. With the writers’ strike going on, they’re probably desperate for material. Of course anything you write would have to undergo a major editing overhaul to correct the plethora of basic grammar errors. However, I can see the film version of your “story” making big bucks at the box office. Best of luck to you with your future endeavors as a budding screenwriter. Sincerely, Sally Howard
    London dentist
    Replied over 12 years ago
    It must have been really tough for you! Some things can really get along the way and into your nerves as well. HAHA !!!. I enjoyed reading and learning from it.
    Jim Watkins
    Replied over 12 years ago
    Sally, Thank you for taking the time to shed light on areas where improvement is needed. Grammar has never been a favorite of mine. A screenwriter huh? Considering my writing skills are already poor… Becoming a screenwriter probably won’t happen. When I think of all the critics I face in real estate, I don’t need the added burden of impressing the movie critics as well.
    Jim Watkins
    Replied over 12 years ago
    Sally, Thank you for taking the time to shed light on areas where improvement is needed. Grammar has never been a favorite of mine. A screenwriter huh? Considering my writing skills are already poor… Becoming a screenwriter probably won’t happen. When I think of all the critics I face in real estate, I don’t need the added burden of impressing the movie critics as well.