Tuesday, October 21, 2008

Here we go again!

Here's another deal. This home was an eviction - very different from what I'm used to. Most of the deals I've made have been straight from long time homeowners. The situation was pretty complicated. I won't go into too much detail - let's just say there was a lot of drama with the seller's personal situation. Enough said.

In any case, the seller had the physical title from the owner on record. This meant that ownership needed to change from the owner on record to the seller, and then to the seller to me. I did not know if this was possible to do on short notice - the park manager literally was going to evict the seller in 2 days! Eeeek!

So, I get on the phone with the housing office and they tell me it can be done but needs to be done all in one transaction. Otherwise, we will have a waiting period if done separately. Ok, good. Now, all I needed to do was talk to the park manager to stop the eviction.

I get on the phone with the park manager - he agrees to work with me but not with the seller. So, the eviction was stopped. We went down to the housing office, did the title work and now the seller is packing and getting ready for the big move.

The seller is having a garage sale this weekend to raise more money for the move. We agreed that no funds will be paid until the seller is completely out of the home as well as all of the contents in the home. I am not going to be stuck with someone else's stuff. Agreed.

Wow, what a roller coaster ride this has been ! The park manager now tells me there's another one in the park he wants me to look at - same situation - he is getting ready to do another eviction. Guess this is how you learn, just going through the motions!

Wednesday, October 15, 2008

INS Raid

This home was the subject of a major INS raid - 26 illegal immigrants and their families living here held hostage as wage workers. The owner who was collecting rent from these people was sent to jail and the FBI was involved. Pretty crazy stuff!

Window Units and Space Heaters

Interesting pic, eh? Yes, this window unit is being held up with a stick - it is too heavy for the window.

Checked out a home with 3 window units in the living room/dining room and 2 space heaters used in the bedrooms, no central heat and air. This is my first encounter looking at a home without central heat and air. The space heaters could be a potential liability - I hear there are some that have automatic shut off. If I end up pursuing this one, I may look into getting more window units for the bedrooms.

Sunday, October 12, 2008

Interesting Article - "10 (More) Reasons You're Not Rich"

Read this article. Pretty interesting stuff. Truth is, most people who are rich really do not look rich. For the most part, it is the people who look rich who are not really rich.