The Train Wreck Continues

By
Real Estate Agent with Lake and Lodge Realty LLC

Seems like every deal these days is a chore. Most lenders don't really want to lend and underwriters don't really want to underwrite but sometimes it isn't the financial side at all. Working on a deal for about the past couple months and it has been a daily challenge trying to keep it alive.  It has been a train wreck on life support for the last three weeks due to zoning issues and "change of use" issues but finally I was able to appease the City of Big Rapids and the Mecosta County folks and was ready to close.....but wait....here it comes....no close yet. The seller scheduled an auction for the day after close. Apparently immediate occupancy has a different meaning in his State. No problem, we held off for the weekend and will close Tuesday.....no, not yet. Title company calls me Tuesday morning and while the seller has the Authority to sell under his Trust papers the home was never put in the Trust. Ouch! Seems in the 3 months it had been listed before my putting an offer in or at least in the two months we have worked on it the seller's agent would have made sure we were good to go. She said we were and even mentioned having the Trust papers. The attorneys for the Trust think it will be easy to cure but so far easy is the only thing we haven't experienced. If nothing else it never gets boring in our world. BEst of luck in all you do and thanks for reading.

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As always if you think the Big Rapids area is a place you would like to live give us a call (231) 796-5253 or check out either link below and we will help you find a house so the Big Rapids area can be your home too. Thanks for reading. 

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Randy Ostrander
Lake and Lodge Realty
107 N. Michigan Suite B
Big Rapids, MI 49307
(231) 796-5253
randyooo@yahoo.com

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Lori Bowers 08/31/2010 02:14 PM
Topic:
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Groups:
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Michigan Realtors
Michigan Real Estate
Diary of a Realtor
Tags:
seller
mecosta county
big rapids
lake and lodge realty llc
randy ostrander

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261,096
Fran Gatti
RE/MAX Integrity - Medford, OR
Managing Principal Broker - RE/MAX Integrity

Sounds like my life right now.  It's one thing right after another and another and another...

Aug 31, 2010 11:16 AM #1
Rainmaker
1,020,459
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I hope that the property does not need to go to court to close.

Aug 31, 2010 11:17 AM #2
Rainmaker
596,993
Jim Hale
ACTIONAGENTS.NET - Eugene, OR
Eugene Oregon's Best Home Search Website

Having a listing for three months and never checking the last deed to see if the owner signed your listing is mal-practice.

Aug 31, 2010 12:50 PM #3
Rainer
130,991
Jason Channell
Diadem Property Inspections - Serving Southeast Michigan - Troy, MI
The House Sleuth

I guess every job has its yucky side... but that sounds like an exceptionally big yucky side.

Sep 01, 2010 05:30 AM #4
Rainmaker
173,450
Richard Glesser
North Country Appraisal Services - Gaylord, MI

Randy, I'm rootin' for ya'.  Keep the faith and all will someday work out.  Sounds like you're the buyer so at least you don't have to continually appease a purchaser who has no understanding of the issues.  I also agree that there was some lack of diligence on the part of the listing agent to assure that the title was transferrable when the property was listed.  Good luck.

Sep 02, 2010 05:41 AM #5
Rainmaker
1,116,528
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

Wow. That sounds like more than just a train wreck. I think the train hit an 18-wheeler crossing the tracks at about the same time that an airplane crashed into the train.

Sep 04, 2010 02:41 PM #6
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Randy Ostrander

Real Estate Broker, Serving Big Rapids and West Central MI
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