The two top scenarios that went thru my head were:
1. She realizes she is in over her head and wants to offload the house – so she asked me about a short sale.
2. She is already in default and knows the clock is ticking.
If she is current on her payments, she could stop paying tomorrow and she’d still keep the house in her name till October if not longer. If she is already in default, the situation is obviously a bit more urgent. And yeah, once the house is foreclosed, bank will give you a 30 day notice and might even offer “cash for keys” to ensure orderly move-out.
Go to foreclosureradar.com and type in your street name. If you see anything that looks like your house, you can give someone here your exact address, people with full access to foreclosureradar.com/foreclosure.com would check it out.
please let me know when you stop making loan payments so that I can stop paying you rent.
Assuming there’s a clause in the contract that allows dharmagirl to stop paying rent depending on the mortgage situation.