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

[svelte]

Yeesh, having to deal with the foreclosure on a house you’re just renting, living in constant fear that you’ll be forced to find a new abode at any time (searching for an acceptable unit, new deposit, utility hookups, change of address, packing all your breakables), not knowing if you’re landlord is going to screw you out of rent and/or deposit.

How would you be able to relax or even plan out a vacation in advance?

That would get old real quick.

[temeculaguy]

dharma, if she cleared her nod then you have four months minumum before you could be foreclosed on and booted. Where you need to renegotiate rent is if she decides to list it as a short sale on the open market, you have no obligation to allow showings or a lock box. Learn from my experience, don’t allow it unless rent is at least half off. It looks like you will be fine until August, just start looking for another place at the end of the lease or look to buy, four months is a decade in this market, look at things four months ago.

Svelte, if you watch the public records, you can get over three months notice. Suprisingly, it hasn’t gotten old, it’s fun. Every month I write a check for $1500 and then check on the list prices of the houses i was going to buy because i was too lazy to move twice. The minumum monthly reduction is 10k, sometimes upwards of 40k. Who cares about planning vacations, I can fly to Europe every week with the money I’m saving, who cares about planning, it’s easily 10k a month in savings to not buy. Not knowing if I have to move just isn’t worth 10k a month to me.

[temeculaguy]

dharma, if she cleared her nod then you have four months minumum before you could be foreclosed on and booted. Where you need to renegotiate rent is if she decides to list it as a short sale on the open market, you have no obligation to allow showings or a lock box. Learn from my experience, don’t allow it unless rent is at least half off. It looks like you will be fine until August, just start looking for another place at the end of the lease or look to buy, four months is a decade in this market, look at things four months ago.

Svelte, if you watch the public records, you can get over three months notice. Suprisingly, it hasn’t gotten old, it’s fun. Every month I write a check for $1500 and then check on the list prices of the houses i was going to buy because i was too lazy to move twice. The minumum monthly reduction is 10k, sometimes upwards of 40k. Who cares about planning vacations, I can fly to Europe every week with the money I’m saving, who cares about planning, it’s easily 10k a month in savings to not buy. Not knowing if I have to move just isn’t worth 10k a month to me.

[temeculaguy]

dharma, if she cleared her nod then you have four months minumum before you could be foreclosed on and booted. Where you need to renegotiate rent is if she decides to list it as a short sale on the open market, you have no obligation to allow showings or a lock box. Learn from my experience, don’t allow it unless rent is at least half off. It looks like you will be fine until August, just start looking for another place at the end of the lease or look to buy, four months is a decade in this market, look at things four months ago.

Svelte, if you watch the public records, you can get over three months notice. Suprisingly, it hasn’t gotten old, it’s fun. Every month I write a check for $1500 and then check on the list prices of the houses i was going to buy because i was too lazy to move twice. The minumum monthly reduction is 10k, sometimes upwards of 40k. Who cares about planning vacations, I can fly to Europe every week with the money I’m saving, who cares about planning, it’s easily 10k a month in savings to not buy. Not knowing if I have to move just isn’t worth 10k a month to me.

[temeculaguy]

dharma, if she cleared her nod then you have four months minumum before you could be foreclosed on and booted. Where you need to renegotiate rent is if she decides to list it as a short sale on the open market, you have no obligation to allow showings or a lock box. Learn from my experience, don’t allow it unless rent is at least half off. It looks like you will be fine until August, just start looking for another place at the end of the lease or look to buy, four months is a decade in this market, look at things four months ago.

Svelte, if you watch the public records, you can get over three months notice. Suprisingly, it hasn’t gotten old, it’s fun. Every month I write a check for $1500 and then check on the list prices of the houses i was going to buy because i was too lazy to move twice. The minumum monthly reduction is 10k, sometimes upwards of 40k. Who cares about planning vacations, I can fly to Europe every week with the money I’m saving, who cares about planning, it’s easily 10k a month in savings to not buy. Not knowing if I have to move just isn’t worth 10k a month to me.

[temeculaguy]

dharma, if she cleared her nod then you have four months minumum before you could be foreclosed on and booted. Where you need to renegotiate rent is if she decides to list it as a short sale on the open market, you have no obligation to allow showings or a lock box. Learn from my experience, don’t allow it unless rent is at least half off. It looks like you will be fine until August, just start looking for another place at the end of the lease or look to buy, four months is a decade in this market, look at things four months ago.

Svelte, if you watch the public records, you can get over three months notice. Suprisingly, it hasn’t gotten old, it’s fun. Every month I write a check for $1500 and then check on the list prices of the houses i was going to buy because i was too lazy to move twice. The minumum monthly reduction is 10k, sometimes upwards of 40k. Who cares about planning vacations, I can fly to Europe every week with the money I’m saving, who cares about planning, it’s easily 10k a month in savings to not buy. Not knowing if I have to move just isn’t worth 10k a month to me.

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