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Confused also

Posted by gcastro on August 12, 2003 at 10:40 PM

In Reply to: Dumb Luck!! ! Again!!! posted by art on August 12, 2003 at 9:10 PM

: I closed on a contract to reinstate(53k) on a conventional 1ST Loan of 400k scheduled for sale taking "subject to" a small private 2cnd loan of 10k. My agreement was to reinstate only until after the close of escrow. The sale which was to take place the day after the close was just cancelled because ..... drum roll please....................THE SECOND (which I figured was planning to walk from the deal) REINSTATED THE FIRST !!!! So I only had to put up 5k for closing costs and only need maybe 20k at most to clean up property with a realistic net profit of close to 100k after all is said and done. Now that's why I got into this business!!

I am also confused about your deal, can you elaborate?


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