why it SUCKS to rent...foreclosure

[MarissaNicole]

I'm sorry what a shi#y situation.

[Vanquisher]

If she isn't paying the mortgage you will never get the security deposit back. I wouldn't pay another dime.

Agreed. Not even if you sue. You can't bleed a turnip.


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We may be renting from the bank!!! WOOHOO!!!!! Christmas miracle??

[diggitydot]

That doesn't surprise me. I would imagine the bank would rather have some income flowing from the property than it sitting vacant and eating up $$ for taxes, upkeep and possible vandalism.

I was doing some research before we talked with an lawyer I thought it wouldn't be possible, plus I read online that on average a foreclose costs the bank around $40,000.00! I am sooo impressed with how the lawyer can work his magic!!

[HouseofWool]

That is great news. At least it gives you time to find a new home. Will the bank let you out of the lease early? I can't imagine that they will be uber landlords. Not to say that they will neglect things, but if there is a middle of the night/weekend crisis will they take your call?

[MDPhDWife]

I'd imagine they would hire a property manager to handle maitenance issues. This is great news! I hope it works out for you!

[ladymoreta]

Whew! I hope it works out! What great news!