Interesting development since I have last posted. I have been in a holding pattern waiting for
CW to make up their mind on whether or not they would complete the DIL. The City placed a lein on the property and
CW was considering paying it off to complete the deal. The lein amount was $17,500.00. In the meantime, I met with the special magistrate of the city and was able to secure a reduced payoff amount. The new lein payoff is $2,200. I figure if they were thinking about paying $17,500, they should have no problem paying $2,200, if they were really considering it anyway. Well, it turns out they were because I just got a phone call from
CW telling me that they will pay off the lein and instruct the attorney to file the release of mortgage with the county.
I had a hard time believing they would walk away from this deal due to the fact that they had already paid the real estate taxes ($7,200) and paid to have the house brought back to marketable condition.
With all the ups and downs I have experienced with this process, I am not opening any champainge until I see everything filed and recorded with the county but it looks very good that I could be coming to the end of the road with this process.