Pete, a great adventurer, and awesome client, and now great friend, fought an uphill battle and ….well, you’ll see:Couple of years ago I was referred to a guy looking for a 2-3 flat in Chicago. We met for the first time for lunch at the Hancock, and in a nutshell…. he wanted an investment/new home. He was turned down by a realtor, told he cannot afford a mortgage, and was not feeling the vibe.  Once we explored his options, we realized that there is hope, not for sure, but having a solid mortgage lender and real estate knowledge helps.  Anyway…the story goes…. we started looking at buildings all over, trying to keep him close to the “L” and finding something that he can work on but that won’t fall on his head.  Our trips took us into some of the most dangerous spots…from drug dealers, hookers, and gang bangers to over crowded Chicago apartments, and more dogs.  One time we were driving through the southern part of Humboldt Park, and we got trapped after we turned into a street with much activity, single file row space to go, a car boxed us in, car stopped in front of us, as were hearing “crack” “crack” “crack” outside of the window of Pete’s tiny four door vehicle.  Nervous and scared, we pull a U-turn out of there, and drove laughing at the experience.  Guess where the next property was…. right back on that street…. needless to say, we passed it up.  One day we approached a 3 flat being foreclosed on in Humboldt Park.  This was it. Overlooking the dilapidated back porch, the mold in the basement, even the illegally finished basement, Pete was hyped. We went through a grueling process of getting the mortgage done, and it cane through. All we needed to do was to close. 2 days before the closing we get a call…the home had a Permanent Injunction on it, meaning the previous owner finished the 1st floor illegally, then kicked the inspector off his property with a loud mouth, and the city official…well, she didn’t like it. I spoke to her, and she was very verbal about the whole experience.  The sellers are trying to pawn this problem onto Pete, and then they attempt to charge $100 per day for every day after the closing, that we do not close. We caught a snag.After much deliberation, and convincing, it was time to lay down the sword, and step back. This was much to handle, and well, it would entail Pete going through court for something he did not do, and have to spend much money to …blah blah blah…. fix the problem.We were back on the HUNT!  After weeks of looking, we showed up at a very nice 2-3 flat…. another tricky property, yet this one in much better shape, nice area, and much potential.  Like a little kid, Pete was running around the house, talking with the tenant who was occupying the 1st floor at the time, and trying to move forward. Mortgage from stretch, another 30 days, and finally we arrive at the closing…umm…. there is no closing. WHAT!?!?!  I received a call from the mortgage lender…the bank ran out of money.  Hit me! The Bank ran out of What?! No Money. I have never heard of a bank running out of money….but…this one did…no money honey, and Pete is calm but confused as we all are. Phone call after phone call…for almost 2 weeks we turned over every rock, stone and boulder….…Pete received a call….…We’re going to close. This was the craziest experience, and Pete was so calm and cool through the whole experience, which taught me so much. Thank you.