To all, sorry for the emotional tirades. I’m fed up and tired.
SD Realtor, I really don’t want to stay here and will probably just go anyway. My son would have had to go anyway because I won’t buy this place.
So, I will take it on a day by day basis since I don’t have a lease. The apartment I want will not be available until Dec. 1st anyway. I guess I will just pay him while I’m here and if it forecloses, money down the drain.
What about holding the rent in escrow. How do I do that? Just put it in my own bank account and hold it? I’d be more comfortable doing that. But, can the son still evict me?
If I can hold the money and the mother forecloses, wouldn’t that mean I keep the money since my debt to the orignal owner will be wiped out? But, if he prevails, I give him the money when the notice of default is satisfied. From what I understand that is what a couple of posters suggested.
Is this the purpose of an escrow account? Or is this morally reprehensible too. 😉
I just do NOT want to pay this man money to go into his pocket if he’s going to let the house foreclose. That is my mindset in a nutshell and I don’t think it’s unreasonable.
