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Updated almost 10 years ago,
Deal that fell through, then came back around a year later??
Hey BP, I'm trying to figure out what to do.
Over a year ago another rehabber contacted me about a deal that they had under contract and were considering selling, and told me that if I found them a buyer, they would partner and split any assignment fee. I ended up finding a buyer, got contract signed and deposit....and then the transaction fell apart somehow (it may have been a short sale) on the seller's end. I'm not sure what happened because when I followed up with them for the last time before the buyer cancelled their contract the investor who had the contract on it didn't respond.
So a realtor just alerted me about a deal that came on the market, and low and behold it was that same house, and came on as an REO. The agent said there are multiple offers but wanted to let me know since it's one of my areas I focus on, if I wanted to get an offer in ASAP.
I'm wondering how I should handle this with the original investor who had it under contract??