It has been so hot, that I keep walking my dogs earlier and earlier. Last week I walked at 7 am. I don’t typically walk too early because I have encountered coyot- where I wlk my dogs..  After my walk, I completed a marketing plan for a potential seller and then at 10 am, took a Pilates class. Just before class started, I was commenting to the girl next to me how pleased I was that the a/c was blasting.  After she and I chatted for a few minutes it dawned on me that I knew her.  We are in escrow; I represent the buyer of her home. 

Once we figured out our escrow connection, she confessed that there was an escrow problem.  I was quite surprised because I have been in touch with her Realtor and escrow on a weekly basis.

My Pilates neighbor is buying a Downtown LA Loft and applied with a lender other than the developer’s.  The condo project was not “approved”, and she is just now (late) applying with the developer’s lender who has the project preapproved.  Her loan approval will be delayed and long story/short, she has no place to move at closing.   All of this two minutes prior to our Pilates Class.

So, I started this rigorous class with my mind spinning:

1) My clients have a vacation planned; perhaps this can be a win-win.  They didn’t want to start remodeling while they were not in town.  But wait, they have a very low interest rate locked in... Docs are in escrow… who will pay a redraw fee if applicable?

2) What about a rent back... maybe that can work…

3) Before I knew it my Pilates instructor was correcting my form… I was the only one doing the wrong exercise; my mind was definitely off my work out

So, just a thought: Is my Pilates class tax deductible since I discussed business?

The bright spot of my Friday was that my favorite handyman fixed our backyard misters.  If you don’t have misters, you are missing out. They can instantly cool down your yard or seating area, I love mine!

 Related Post: What is a seller rent back?