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Updated almost 12 years ago on . Most recent reply

User Stats

161
Posts
27
Votes
Arcinio Arauz
  • Wholesaler
  • Atwater, CA
27
Votes |
161
Posts

Just thought of something...please help

Arcinio Arauz
  • Wholesaler
  • Atwater, CA
Posted

Ok this thought just came to me; seriously don't laugh....

In 2003 I bought my very first home. I was a newlywed and only 22 years old. I knew nothing about owning a home. I don't even think I knew what the word Real Estate meant! I was clueless and far from ever thinking I would one day get into RE investing. I purchased my first home for 142K. One year later I found a better home in a better area and wanted to buy the second house contingent on the sale of my first home. So I got a realtor and she acted as my selling agent (for first home) as well as my buying agent (for second home). Without any issues, my first home sold for 188k. I was then able complete my second purchase for 225k. I was able to get a loan for 100%. So The home I bought for 225K...I had a mortgage of 225K. I paid closing cost out pocket. Simple. But here's where I get confused. I bought my first home for 142K then sold it for 188K. I didn't not have a second or any other liens. WHERE'S MY SPREAD? I don't ever remember getting a check from the title company. We're talking $46,000 I never saw. I didn't know anything back then being 23-24 years old and gullible as all get up. Now (9 years later) I just realized this. I don't ever remember seeing my spread anywhere. Any ideas? Any way for me to go back and find out...perhaps a title search on the transaction? Help.

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