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Updated about 9 years ago on . Most recent reply

User Stats

130
Posts
40
Votes
Donald Cooley
  • Railroad Conductor / Future investor
  • New Baltimore, MI
40
Votes |
130
Posts

Help need advice in Michigan

Donald Cooley
  • Railroad Conductor / Future investor
  • New Baltimore, MI
Posted

Hey BPers,

Need some help here. I have a house under contract in New Baltimore in connection with a hml. They were supposed find the buyer through their network, but due to the fees and upfront costs they can't seem to find anyone to take it. Is it legal for me to find the buyer myself and get this deal closed? I'm in new territory here and am not sure what I can do. Unfortunately I only have till the 27th to get this done. 

Any advice or info you can give would be greatly appreciated. 

Thanks

Don

Most Popular Reply

User Stats

79
Posts
21
Votes
Michael Webster
  • Real Estate Agent
  • Portland, ME
21
Votes |
79
Posts
Michael Webster
  • Real Estate Agent
  • Portland, ME
Replied

Hey Donald,

I think we need more info on this. Is there a contract between you and the HML? Are you saying that the HML has this deal...they are financing it...and they said they would also find a Buyer for you? Maybe I'm missing something but I can't imagine why they wouldn't just wholesale it themselves at that point. Do you have an EMD down on this property? Let us know and we'll do our best to help!

Mike

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