Come together like butt cheeks
I’ve got good news and that is the latest wholesale deal is coming together like butt cheeks. I received the completed appraisal today from my appraiser via email, I then forwarded it on to the head guy at the DHFS. I waited about 3 hours and I gave him a call. I didn’t expect it, but he was ready to wheel and deal right-then. He saw the CMA that I had submitted to him in my short-sale package came in at about 9K and the appraisal came in at 11K, he offered to split the difference at 10K. I countered and asked if he could knock 1K off and take 9K, he agreed to only if I ate the cost of the appraisal (which initially he offered to cover). We had a deal.
So long story-short. I now have the 65K DHFS lien, with other Champaign city liens, reduced to the sum of 9K! The pros are that it looks like this deal will close after all and all of this learning will come with an added bonus in the form of a check. The cons are that I’ll have to eat the tax lien, appraisal fee, title work fee, and seller lawyer fees. So instead of the planned 6K, it looks like I’ll net around 5K. That’s better than zero.
All I need now is to get the seller to an attorney so that an “Affidavit of heirship” and a “Personal Undertaking” can be composed. These documents are needed in addition to copies of the owners on title death certificates, to close. Since the owners of the property passed away without wills, probate can be avoided since their are only 3 members of the family left and they are all in agreeance with selling the property.
So, I’m not going to consider it a done-deal until I have my check…but this one’s pretty much in the bag. So, I’ll part with this video for your viewing enjoyment. I think I’ll feel like Bill Cosby in this video when I get my check, but I won’t make it rain on ‘em yet…5K ain’t enough, that’s just a drizzle.
P.S.
If you are not laughing at the video above, you have absolutely no sense of humor! I can’t stop laughing at it, just focus on Cosby, not the booty. Let the booty stay in your peripheral view and enjoy.
