HELP! Landlord asking if we want to buy our rental as “short sale”

[Coronita]

Dear Landlord,

Thank you for your offer. Unfortunately, I have heard from Piggington that it is far more difficult to purchase a home that is a Short Sale than a home that is in Foreclosure, so I think I will just wait at this point.

Thank you,

Renter.

 

P.S. please let me know when you stop making loan payments so that I can stop paying you rent.

 

P.P.S. Feel free to remove all appliances and decorations that I designate as ugly and unfit for my tastes to resell on Craigslist. Please, though leave all plumbing, electricity, and drainage alone, and don't touch my personal stuff please. If you feel a need to urinate, please do so at the expense of your own place of residence.

 

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—– Sour grapes for everyone!

[patientlywaiting]

You could try to play hardball and re-negotiate the lease. It wouldn’t be nice but, hey, business is business, right?

The landland needs you more that you need her right now. She probably can’t afford for the place to go vacant for a few months.

September is not too far off. If I were you, I’d renew the lease in September and ask for at least 1 1/2 months free rent and take my chances with a future foreclosure.

[patientlywaiting]

You could try to play hardball and re-negotiate the lease. It wouldn’t be nice but, hey, business is business, right?

The landland needs you more that you need her right now. She probably can’t afford for the place to go vacant for a few months.

September is not too far off. If I were you, I’d renew the lease in September and ask for at least 1 1/2 months free rent and take my chances with a future foreclosure.

[patientlywaiting]

You could try to play hardball and re-negotiate the lease. It wouldn’t be nice but, hey, business is business, right?

The landland needs you more that you need her right now. She probably can’t afford for the place to go vacant for a few months.

September is not too far off. If I were you, I’d renew the lease in September and ask for at least 1 1/2 months free rent and take my chances with a future foreclosure.

[patientlywaiting]

You could try to play hardball and re-negotiate the lease. It wouldn’t be nice but, hey, business is business, right?

The landland needs you more that you need her right now. She probably can’t afford for the place to go vacant for a few months.

September is not too far off. If I were you, I’d renew the lease in September and ask for at least 1 1/2 months free rent and take my chances with a future foreclosure.

[patientlywaiting]

You could try to play hardball and re-negotiate the lease. It wouldn’t be nice but, hey, business is business, right?

The landland needs you more that you need her right now. She probably can’t afford for the place to go vacant for a few months.

September is not too far off. If I were you, I’d renew the lease in September and ask for at least 1 1/2 months free rent and take my chances with a future foreclosure.

[dharmagirl]

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.

I also know that she owns several homes. I think she may have gone a bit wild 7 or 8 years ago. She may need my rent check to pay for the other properties.

Thanks to all of you. I feel better about this situation. I just hope we can hold off on our purchase for at least 5 more months (or more).

This housing situation feels very funky.

[dharmagirl]

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.

I also know that she owns several homes. I think she may have gone a bit wild 7 or 8 years ago. She may need my rent check to pay for the other properties.

Thanks to all of you. I feel better about this situation. I just hope we can hold off on our purchase for at least 5 more months (or more).

This housing situation feels very funky.

[dharmagirl]

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.

I also know that she owns several homes. I think she may have gone a bit wild 7 or 8 years ago. She may need my rent check to pay for the other properties.

Thanks to all of you. I feel better about this situation. I just hope we can hold off on our purchase for at least 5 more months (or more).

This housing situation feels very funky.

[dharmagirl]

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.

I also know that she owns several homes. I think she may have gone a bit wild 7 or 8 years ago. She may need my rent check to pay for the other properties.

Thanks to all of you. I feel better about this situation. I just hope we can hold off on our purchase for at least 5 more months (or more).

This housing situation feels very funky.

[dharmagirl]

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.

I also know that she owns several homes. I think she may have gone a bit wild 7 or 8 years ago. She may need my rent check to pay for the other properties.

Thanks to all of you. I feel better about this situation. I just hope we can hold off on our purchase for at least 5 more months (or more).

This housing situation feels very funky.

[Eugene]

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.

[Eugene]

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.

[Eugene]

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.

[Eugene]

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.

[Author]

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