Welcome to the CashFlowExperts.Biz BLOG
Welcome to my new on-line diary. You now have the chance to see inside the real estate and business operations that go on at my company every day.
Last week was a busy week with the closing on a new construction home in New Mexico. I do all my closings by mail, and they are usually very simple. But this one with D.R. Horton was not very pleasant.
They allowed me to sign a contract as an investor - which is rare for builders to allow. And when they were ready to close on the property my lender ran into the normal delays that happen in most transactions. In fact some of the problems were created by the builder themselves.
The builder threatened me to close by the end of their financial quarter, or lose my $10,000 down payment. It was a very unpleasant transaction, but my broker pulled a lot of strings and got it done on time.
But i am always very aware of the bullying that builders can do to investors.
