
Come see one of the most beautiful places in California. Lake Tulloch is located in Copperoplis California. We got our name from the copper mining that went on in the area. Our lake is one of the last lakes in California which allows building. Many of our properties actually go out into the water. The lake is both recreational and a suppository for rain water to help prevent flooding in the valley below.
Well three more days to the close! For those of you following my 12 day close story I have to say that I am total perplexed by banks. This time the bank owned property zipped thru approvals and all inspections. Then.... the buyers deposited their insurance check (fire burned their privious home) and their bank will not release funds until Tue. They will have held their funds for two weeks and 1 day. This was a pay off check from the insurnce company. I tried to talk to the bank manager and she was no help at all. Rules are Rules. So the buyers will now not be in their home by Thanks giving. To top it all off the title escrow company is closed thur-sun. Oh well!!
After 9 months trying to close a short sale it ended up on the court house steps. Over 100 hours of work with no pay. If a bank has the loan insured then they have no intention of taking a short sale. We are seeing that more and more. Why bother. The only value I can see is to have a deceptive low priced listing out there that will bring in buyers!!!!!!!!
This has been one of those days that makes agents quit! I have been working on an escrow for nine months. The bank will not close. They have had one reason after another. I had a full price all cash offer $100,000 over appraised value. I could not get the asset manager to call back or answer emails. I kept getting messages asset manager out of office for next 3 weeks to a month. No one covered for them and the bank didn't think it was necessary to put anyone in charge. Then a week ago after 30+ emails that asset manager sent an email say they were no longer the asset manager and the new one was lllllll. They also would not answer emails or phone calls. After many attempts I was able to get someone on the phone in management who could not for two days get intouch with the asset manager. Even in house. They then said if I wanted to send in all th paperwork and reapply they would stop the sale tomorrow at 10 am. As it was not after 5 their time no one would review the paper until after 9 tomorrow. This would mean starting all over with at least 100 pages of documents. Many of which would need to be updated like bank forms. The buyer said "I give up let it foreclose, I'll get it for a lot less anyway". I quit. The banks really don't want to short sell. As another asset manager said we have pmi insurance on the loan so we don't loose if it forecloses. What a load of xxxxx the American people are paying for. I think the real kick in the back side is that after I got home I received 2 calls from companies that are sending people to the auction tomorrow and wanted all the information I had spent 9 months collecting. So I just spent hundreds of hours on a deal that I will not receive any commission for. Worse than that is that my seller will now have a foreclosure on his record rather than a short sale and a wonderful buyer that will not get the home of his dreams. I am discussed with banks and this system!!!!
Just saw the signs on a store front around the corner where A-OK Consignment is moving to. (The old Librery I think.
Some may think of a consignment shop as less than the best, but one step into Annie Osteema's warm and inviting consigment store is great and now will be in a larger space. We can't wait to see the new store. Annie carries only quality clothing in like new condition. For a fun afternoon of shopping AND
saving money, a visit to A-OK Consignment would be the thing to do.
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