What else was interesting about the deal?
One of my neighbors was about to lose her house. I had coached her kids. So I ran over to her house on the morning of the foreclosure. I was able to shut it down by purchasing the house myself, which I didn’t have to do. My boss was there to do the same thing and flip it.
In my opinion, I saved the family from embarrassment. She was adamant about staying in the house and raising her children there. Twenty-five years later, she is still in the home. I was able to put together some interesting and innovative financing. She wasn’t savvy about the financial world. She was motivated to keep her home so she followed my lead and mentoring and I helped her with repairing her credit, which is something I pride myself on. Since then, I can’t count how many referrals she has made to me.
When my boss, who owned the mortgage company at the time, found out I had “submarined” his efforts, he wasn’t happy about it, but he understood.
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