I JUST closed on the longest short sale we've ever had. It took just over 12 months with two different law firms trying to clear title but WAHOOOOO finally closed and resold an hour later for a nice little chunk of change!! :D :D :D
The deal could not have been possible without the help of Ted Akers (transactional lender) and Rich Hupper (Remax agent) and both are part of this board.
The property was QUITE difficult to clear title on and what should have been about a 6-8 month short sale ended up a 12+ month short sale with one BPO and TWO appraisals throughout the process. Closing I THOUGHT went flawlessly until I got a call from the closing agent later that there was a tiny glitch, so I have to really tip my hat to Ted Akers for being patient AND Rich for running around to fix things.
THANKS BP!! That's why I love this site.
Congratz. So, whats your next plan? another short sale or something else?
LOL...we're so busy we can't see straight. We primarily do short sale flips, but are starting a rehab project hopefully next month.
Way to go. Hopefully the next one goes a little quicker!
Congrats!! And Ted is super easy to work with for sure.
Ted was fantastic. I couldn't recommend a better transactional lender. He funded on the fly for us too. We honestly had about 2-3 days notice and he was ready. He worked with my closing attorney with EASE and I would use him again and again.
How do I recommend someone on this site?
Congrats Maryann. I think you just made your recommendation, but you can leave a testimonial for any members by going to your colleague list and writing it for them. The testimonial will show on their profile.
As for the deal . . . I'm glad to hear things went smoothly and that BiggerPockets has played a role in your success. I've never done business with him, but Ted is a good guy.
Thanks for sharing and I hope you'll continue to do so!
Congratulations on closing the deal!
It's great the the BP community has been so helpful in the real-estate ventures of so many people.
Congratulations on closing! As a new member to the site this is a very nice topic to come across right away. Helps me feel a lot better about what I'm doing and my decision to join the site. So thank you, and again-congrats :)
Congrats on your conquest, that is great.I would like to encourage each of the 3 BP members involved in this deal to give a liitle back to the forum that helped create these incomes by making a donation to BP Nation. These donations go directly to the improvements of this site which is a benefit to us all.
This is also one of many reasons why BP Nation is the place to spend your time networking!
:D :D :D :D :D :D Congrats!!!
Congratulations, MaryAnn. We like working with Ted, also.
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