All Forum Posts by: Account Closed

 You are so right, I am constantly beating myself up for being so gullible/"nice" and not being there. 

 They met at the closing table, for which I was not there (MY BIG MISTAKE) . I was called 1 hour prior to closing by the title company telling me when to come pick up my check. 1 hour later title company calls back waring me of what was taking place in the closing room and that I would not be getting a check

Thank you so much!! I too was thinking, why would the Title company continue with the transaction. The title company did not honor the contract as well is what I'm being told

I most definitely will. Thank you!!

Thank you very much !! Wholesaling is very much legal in Louisiana and does not require you to have a real estate license. She signed a contract and breached the terms within it

Really?? Even though there is a legally signed contract?

Thank you. Yes, I am beating myself up about not being there. It was my first deal, and I've learned my lesson for sure!

Hello everyone. 

Let me start by excusing myself if I make and grammatical errors, but I am typing fast because I am a little POA.

Okay, so today I was supposed to close on my first wholesale deal. Got the property under contract with my seller and got my buyer to sign his assignable contract. Title company called me a hour before closing to schedule a time for me to pick up my check, everything good (or so I thought). An 1 hour later, I get a call again from the Title company pretty much warning me of what was taking place in the closing room. The seller and end buyer went behind my back and closed on the deal with paying me. I get an email from the buyer and a text from the seller telling me what they did. The sellers reasoning was because "she thought I was purchasing the property myself " and I "misrepresented " her. I told her, she signed a contract that states, I can assign it to another buyer and that she was still getting the price she agreed upon when she signed the contract. I think her real reason is she saw how much I was making off the deal (which was just $4000) and wanted more. My question to you guys is should I pursue legal matters or just move on to the next deal?