Crazy coincidence, right?

[Andy Mirza]

We foreclosed on a SFR last week in Memphis, Tennessee. My partner runs an asset management company that handles our REOs as well as those for two other funds across the country. One of the first steps is to find a local real estate agent to be our boots on the ground who will contact the occupants and offer cash for keys.

When asked how familiar she was with the neighborhood that the house is located in a Memphis realtor replied that she was very familiar with it. In fact, she was extremely familiar with that exact house because she represented our former borrower when he bought it! How random is that? Memphis is a big city (1 Million +) with a ton of agents.

We're hoping that she'll have a rapport with the occupants that will make CFK easier and help in the transition.

Anyone have a similar story of a crazy coincidence?

[Chris Seveney]

@Andy Mirza I was on the phone an hour ago transferring utilities on a CFK deal that was finalized.

The utility company calls me as they needed more information, the gave says "email me the documents", so I ask for his email. His last name (which is very unique) is the same as the borrower (who left this place in shambles - case study to follow - but i digress).

I said do you happen to be related to XYZ samelastname. He was like why? I said that is who lived there. He laughed and said yes that is my loser sister and we had no clue where she was living. She had the utilities in her boyfriends name as she knew her brother worked for the town...