Can I just rant

dklmiller
dklmiller Posts: 55 Member
edited November 24 in Chit-Chat
Our lease is up in March and so we have planned on moving in with my husbands best friend and taking over the mortgage that his mom currently pays. (Inherited house my husbands best friends brother has been living there with his family up until a week ago. He pays mother and she pays mortgage). Everything was going great, we’ve been prioritizing what improvements to make to the house. And we get a call today that the house will be going into foreclosure the end of February. In order to avoid this we would have to put up $29,000. So now we are pretty much screwed. We’re 22-23 with two children. Don’t have anyone we trust to watch kids so we live off of my husbands factory job.

Replies

  • Carillon_Campanello
    Carillon_Campanello Posts: 726 Member
    Find out who the lienholder is. Sometimes they will do a "short sale" to avoid taking a big loss on a mortgage and even provide creative financing. If the numbers line up it may work out in your favor. All they can do is say no.
  • dklmiller
    dklmiller Posts: 55 Member
    Thank you! I will look into that!
  • dklmiller
    dklmiller Posts: 55 Member
    I think that is the case.
  • Unknown
    Unknown
    This content has been removed.
  • dklmiller
    dklmiller Posts: 55 Member
    Thank you for the encouragement! @Soul_Radiation
  • Carillon_Campanello
    Carillon_Campanello Posts: 726 Member
    dklmiller wrote: »
    I think that is the case.

    Do not give them any money. The track record is there. You already know they will mismanage any money you give them.

    Agree with S.R. perhaps it's time to looks for another door to knock on.
  • dklmiller
    dklmiller Posts: 55 Member
    He just bought a huge house. He and the mom have an iffy relationship anyway. I don’t think he was surprised when he found out.
  • dklmiller
    dklmiller Posts: 55 Member
    I think you’re right. I just wish we would’ve found out sooner.
  • Carillon_Campanello
    Carillon_Campanello Posts: 726 Member
    dklmiller wrote: »
    I think you’re right. I just wish we would’ve found out sooner.

    Agree. Sooner would have been better.

    Perspective. Better now than after you moved in.
  • dklmiller
    dklmiller Posts: 55 Member
    Very true!
  • MySweetLavinia
    MySweetLavinia Posts: 90 Member
    As someone who is also going through a terrible/sudden housing problem right now, I feel for you. I know that's not helpful I just wanted to let you know I hope things get better for you guys.
  • dklmiller
    dklmiller Posts: 55 Member
    Thank you so much! I hope things work out for you as well!
  • JeromeBarry1
    JeromeBarry1 Posts: 10,179 Member
    You are young. You are learning. You will be much better in a few short years for the education you are getting now.
  • dklmiller
    dklmiller Posts: 55 Member
    Thank you.
This discussion has been closed.

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