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Updated almost 9 years ago,
1st purchase! Earned my title of investor.
Hello everybody,
I'm new to posting on BP but not new to reading all the forum posts and attending some of the webinars. My background is in Property/Casualty Insurance, a licensed agent in TX. I've been wanting to get involved with real estate investing for about 5-years and actually started my research back then. I kept putting it off because I didn't have cash for down payments or cash purchases but had excellent credit. I tried dealing with a wholesaler of whom I think was very frustrated with me because I couldn't get the dp or funding so I was dropped. I continued to search until I received the email from F4F (funding for flipping) so I contacted them and after much prayer, research and reading reviews I accepted the offer and started the process. On 3-4-16 I closed on my first townhome, paid cash and tenants are scheduled to move in 3-18-16. I have a dilemma and need the BP gurus advice and/or suggestions. I found out the sellers are out-of-the country & the paperwork was sent to them to sign on 3-4-16 however to this date the papers have not been received back by the title company. I still have not received the keys to the townhome to do any repairs, make ready, etc. and have been told by the realtor & title co that they cannot give me the keys until they've recd the signed documents of which they don't know when it will be. They've told me the sellers have an appointment with the Embassy next week regarding returning the paper work and that's where I'm confused. Has any of you ever heard of this before, experienced problems like this or can tell me if this sounds right? I need the keys and can't understand why I can't get them since I've done my part; signed papers and paid. I have to get this resolved because I have to move on to find my next purchase. I know I can be successful at this! Thanks in advance. Sharon.