Super Warren Saves the Day
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Over the last weekend, many of the agents in our office were in a real estate seminar in Palm Springs, along with our CEO, Steve Rodgers.
In the midst of the seminar, one of our Prudential agents was faced with an imploding escrow because his buyers suddenly could not get financing. Why? The recent tightening in lending had the lender (who shall remain nameless) backing out of the deal THE DAY BEFORE CLOSE OF ESCROW.
Our agent put the situation to our lender Jim Olmstead with First Capital.
Jim walked over Steve Rodgers CEO of Prudential California Realty
who immediately left Palm Springs and drove to Irvine.
Steve called Ron Peltier CEO, Home Services of America
Who then called Warren Buffett:
Suddenly these distressed borrowers had funding and could close escrow. For us, Warren isn't just a far away talking head living in Omaha, he has a real impact on the ground level of our business.
If this story sounds familiar, you might recall the post 5 Degrees of Warren Buffett
It really does make a huge difference to have the backing of Berkshire Hathaway the way Prudential California Realty
In the midst of the seminar, one of our Prudential agents was faced with an imploding escrow because his buyers suddenly could not get financing. Why? The recent tightening in lending had the lender (who shall remain nameless) backing out of the deal THE DAY BEFORE CLOSE OF ESCROW.
Our agent put the situation to our lender Jim Olmstead with First Capital.
Jim walked over Steve Rodgers CEO of Prudential California Realty
who immediately left Palm Springs and drove to Irvine.Steve called Ron Peltier CEO, Home Services of America
Who then called Warren Buffett:
Suddenly these distressed borrowers had funding and could close escrow. For us, Warren isn't just a far away talking head living in Omaha, he has a real impact on the ground level of our business.
If this story sounds familiar, you might recall the post 5 Degrees of Warren Buffett
It really does make a huge difference to have the backing of Berkshire Hathaway the way Prudential California Realty
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