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Updated over 7 years ago on . Most recent reply

Al Pekerman's profile image
Al Pekerman's profile image
Al Pekerman
  • Rental Property Investor
  • from Philadelphia, Pennsylvania
  • Member since Jul 19, 2016
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Al Pekerman's profile image
Al Pekerman's profile image
Al Pekerman
  • Rental Property Investor
  • from Philadelphia, Pennsylvania
  • Member since Jul 19, 2016
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Al Pekerman
  • Rental Property Investor
  • Philadelphia, PA
11
Votes |
50
Posts
Wholesaling

Nightmare!!! Deal went through title, close, and know lawsuit!!!

Al Pekerman
  • Rental Property Investor
  • Philadelphia, PA
Posted

So I'm in the middle of what seems like the twilight zone. I'm wholesaling the deal, found seller, buyer, closed, cashed the check. Done deal title company calls month later opps deal is bad not the real owner we missed something and should have never closed. Seller is nowhere to be found, and everyone is wanting to sue me because I put the deal together.

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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

You didn't earn anything if you never had the real owner, as the transaction can't happen without them.

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