Friday, October 17, 2008
IndyMac is so slow.
So now I know what some of the other investors mean when they say that banks move as slow as snails. They are overwhelmed with their inventory and don't seem to have adequate staff working in loss mitigation and REO departments. Anyway, I say all of that to say that after a WEEK of waiting we FINALLY have a signed contract from the bank on the Sunrise property. Now its time to get busy marketing. Our classified ad started in the Sun-Sentinel today and we've already had a few calls so hopefully the phones will continue ringing throughout the weekend. As far as the first property, we've had some preliminary interest but nothing solid yet. More to come!
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