C is for Crazy

All you had to do to get a mortgage was breathe on a mirror. If they saw your breath then you could get a loan.

There is a back story to every real estate sale. Marriage and a first house start a new chapter. A second house with kids adds to that chapter. Parents move to assisted living or pass on and something needs to be done with their house. Job losses or job promotions and business success’s open new doors literally.  Empty nesters strive for a new life style. Changes in health require new digs. And then there is just crazy.

This is a story about crazy.  I got a call from a woman who said she was referred to me. She said she was a navy nurse and was stationed aboard a navy ship. She said she was calling from outside the country but said she wanted to buy a specific condo along Shore Drive in Virginia Beach. She had rented that condo so she knew it well. If it was still available when she got back into port she wanted to see it. We made an appointment for a month later on a Saturday. I pretty much wrote this off but sure enough I got a call from her on Friday. The property was still available and vacant.  The buyer was attractive and very charming. We looked it over and wrote an offer after I got her approved for a loan.

The closing date was set two months down the road. We did the walk thru and then I got a call from the buyer’s lender. He said they just did a final verification of the buyer’s bank account and found the funds to close had been withdrawn. We were closing the morning. I called the buyer and she assured me she would have the certified funds to close.

This would never fly in today’s mortgage environment. But this was back when the mortgage application process was minimal to say the least. All you had to do to get a mortgage was breathe on a mirror. If they saw your breath then you could get a loan.

So we closed. Around nine at night I get a call from the City of Virginia Beach jail. A man from the jail says my buyer wants me to come bail her out of jail. What are the charges? I ask.  Assault and Bigamy.

It turns out this navy nurse was married to two men. She would tell one of her husbands she had to go to sea and then lived with the other husband. She had borrowed the first down payment from husband number one but then spent it. She borrowed the second down payment from husband number two. But this nurse was not done. She got a boyfriend so she wanted a place of her own. Apparently all three got wind of her plans and a brawl ensued at the condo that afternoon. I didn’t bail her out of jail.

A cherry on top of this story. The nurse never made a payment and a year later the property went into foreclosure. It was listed with my company and I sold it again.

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