The Power of Blogging. I was very happy to receive a referral for buyer representation on a Bank Owned Property Purchase. This Buyer was conducting business on the other side of the State, but still sought my services because she liked my Blog! With her permission I am posting the following positive result:
Thank you so much for representing us in our purchase of an REO condo this winter. We did not know much about REO's going into the process, and when we received the initial purchase and sale agreement from the owner institution, a lot of the language made us nervous. I found your blog while doing some research about certain clauses, and your explanations and rationales were extremely clear and understandable for the layperson. Your comments and advice were measured and balanced and not alarmist. When I contacted you the next day to discuss our purchase in more detail, your demeanor and verbal explanations made me feel comfortable with moving forward in the process, and I was thrilled to have you in our corner.
Your comments re: the purchase and sale agreement were spot-on, and you found a few errors that we would never have caught.
Throughout the process, we appreciated that your fees were quite reasonable and that you were always accessible either by email or by phone.
In the end, the week leading up to closing was hectic and stressful, and of course we closed late due to the seller, but we had kind of expected that because of all of the warnings about late REO closings in your blog. In the end, it was one of your ideas that enabled us to close as soon as we did, within our rate-lock timeframe with our lender.
So again, thank you for everything. We would highly recommend you to anyone purchasing real estate, and especially anyone going through foreclosure, short sale, or REO purchases. Keep posting helpful articles on your blog! We need more people like you providing useful information, such as explanations of key clauses in legal documents, in a way that non-real estate people can understand.
All the best,