[Mark Wimmer]

Mark Wimmer

Thanks,

Now I can sleep tonight.

Mark

[Mark Wimmer]

Mark Wimmer

Jackie,

One more thing, In the circumstance above I am the creator of the trust. I had the seller deed the property to the trust. Some people make the seller the creator. Does it matter who is the creator of the trust?

mark

[Mark Wimmer]

Mark Wimmer

Thanks for the clarification.

mark

[Mark Wimmer]

Mark Wimmer

Jackie,

I just wanted to let you know our buyers lender came through at the last minute and we did close this deal last week. They were aware of the double close and approved the loan anyway. A $15,500 profit I wasn’t expecting to see a few weeks ago.

Thanks

Mark

[Mark Wimmer]

Mark Wimmer

Jackie,

These are all great ideas. I am in talking with the lender now to see if they plan to proceed. I will let you know how this all turns out in a few weeks.

Thanks for your help.

Mark

[Mark Wimmer]

Mark Wimmer

Jackie,

Thanks for the advice. Unfortunately I don’t think this is going to work in this situation. We got this lead from an agent who was looking for a cash buyer for her client. We couldn’t pay cash at this price so we offered the option.Her client has another house under contract to buy and move to. She was skeptical but agreed anyway. She has been resistant throughout the whole process. If she wasn’t involved it would be no problem. Asking them to sign another contract at this point, with the agent involved, will kill the deal.

We still have 3 weeks till close. I think I’m going to talk to the lender or have my buyer talk to the lender and demand a loan commitment letter, which is required in my contract, from them as soon as possible. If they won’t provide one. I may just have my buyer use a mortgage broker I know who may be able to get this done.

If you have any other suggestions or see any flaws in my backup plan, please advise.

Thanks

Mark