For those of you who are interested, I am providing an update on Mojo Jojo, the cat who's owner was losing his home on Tuesday. The owner could not take the cat with him, because he was moving in with his parents in a small elder care apartment that did not allow pets. (Here is my previous post.)
The Pat Brody Shelter in Lunenberg, Ma stepped up and accepted Mojo Jojo. The owner is taking him Tuesday morning to his new (hopefully temporary) home and will say his goodbyes. I was so thankful to the shelter and to the owner. After a follow up conversation with the owner, I had become convinced that the owner would not turn the cat out, but would do the responsible thing. Fortunately, a home was found and Mojo will move on to the next phase of his life.
In an interesting twist, you may remember that I came across the situation because I was on a site visit to a property that we were financing for the buyer, a real estate investor who would renovate and resell to an end homebuyer. As it turned out, the property failed Title V Septic inspection, and upon discussion with the engineer, it was determined that the issue was complex and unclear, due to a high water table and a well too close to the septic system by present day standards. The small lot size added to the complexity. A new septic could cost as much as $30-50,000, which made the deal undo-able.
So the investor-buyer elected not to close, and the property will go to foreclosure on Friday. Unfortunate for the owner, I feel for him. And I lost a deal. But Mojo will not starve, and I am content. More important than the deal.
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