What is pissing you off this time?

Stormieweather · 11-09-2011, 06:14 PM

@Aliantha - they're not going to make any money on the sale. A short sale means the owner has a hardship and cannot keep up with his mortgage, so the mortgage holder has agreed to a sale for less than the mortgage. The owner gets to walk away without ruining his credit but he doesn't keep a dime.

@Spexxvet and Lamp - I don't want to buy the house. I have no ues for a 4 bedroom house after my oldest daughter moves out, which will probably be in the next couple of years. My financial plan calls for the purchase of a 2 bedroom condo/townhouse with a 15yr mortgage at a certain dollar amount, which is supposed to be paid off when I retire.

I don't blame the owner. He expressed that he really, really didn't want this. It happens all too often in this economy, I had just hoped this wouldn't happen to MY landlord.

We have 30 days notice requirements (both ways), once the lease expires the end of the month and hopefully, I can find another nice house. But it will still cost me a couple grand to get moved, unfortunately. And a lot of sweat!! A lot of people suggest I stop paying rent or not pay the last month's rent, but I won't do that. I always fulfill my legal obligations.

Lamplighter · 11-09-2011, 06:21 PM

Good on you Stormie... if I had a place, I'd rent to you !

11-09-2011, 06:14 PM	#1
Stormieweather Wearing her bitch boots Join Date: Apr 2006 Location: Floriduh Posts: 1,181	@Aliantha - they're not going to make any money on the sale. A short sale means the owner has a hardship and cannot keep up with his mortgage, so the mortgage holder has agreed to a sale for less than the mortgage. The owner gets to walk away without ruining his credit but he doesn't keep a dime. @Spexxvet and Lamp - I don't want to buy the house. I have no ues for a 4 bedroom house after my oldest daughter moves out, which will probably be in the next couple of years. My financial plan calls for the purchase of a 2 bedroom condo/townhouse with a 15yr mortgage at a certain dollar amount, which is supposed to be paid off when I retire. I don't blame the owner. He expressed that he really, really didn't want this. It happens all too often in this economy, I had just hoped this wouldn't happen to MY landlord. We have 30 days notice requirements (both ways), once the lease expires the end of the month and hopefully, I can find another nice house. But it will still cost me a couple grand to get moved, unfortunately. And a lot of sweat!! A lot of people suggest I stop paying rent or not pay the last month's rent, but I won't do that. I always fulfill my legal obligations. __________________ "First they ignore you, then they ridicule you, then they fight you, then you win." - Mahatma Gandhi

11-09-2011, 06:21 PM	#2
Lamplighter Person who doesn't update the user title Join Date: Jun 2010 Location: Bottom lands of the Missoula floods Posts: 6,402	Good on you Stormie... if I had a place, I'd rent to you !

Currently Active Users Viewing This Thread: 14 (0 members and 14 guests)