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The OC Scam.
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November 3, 2007 at 10:08 PM #95300November 3, 2007 at 10:08 PM #95308
SD Realtor
ParticipantI guess I just do not understand the entire issue. I mean I am so far away from understanding the mentality that I guess I am missing the point. I have gone round and round with OC Scam on this issue many moons ago….
Why is there a sense of entitlement that people about not needing to pay rent if the landlord is in trouble with the lender?
What if the landlord got into financial ruin because of a bad investment? What if he lost everything due to a lawsuit? What if he lost everything due to credit card debt? I really believe that an agreement between a tenant and a landlord is a total orthoganol event to anything else.
If you do not want to pay rent then do not pay rent. Why should it matter if the landlord is going to lose the house or not. What argument is there to pay rent at all even if the landlord is making his mortgage payments? If the end goal is to be a squatter in the home to eventually own it then say so. That is okay by me. I mean I don’t agree with it but at least it makes some sense to me.
Anyways like I said, I guess I just don’t understand the mindset.
Am I missing something here?
SD Realtor
November 3, 2007 at 10:12 PM #95240The OC Scam
ParticipantCONTACT A LAWYER!! By the way rent skimming only works when the home was purchased within 12 months from you signing the lease agreement. You have been there for more than 2 years so rent skimming doen’t apply to you! The son deserves to be paid even if his house is going into foreclosure and you can not only get evicted but they could file a judement against you which could really screw up your credit and ability to purchase a home in the future.
Also these low income programs usally require you to have 12 months solid rent payment history which you have just messed up you may want to have another talk with the landlord ASAP.November 3, 2007 at 10:12 PM #95295ParticipantCONTACT A LAWYER!! By the way rent skimming only works when the home was purchased within 12 months from you signing the lease agreement. You have been there for more than 2 years so rent skimming doen’t apply to you! The son deserves to be paid even if his house is going into foreclosure and you can not only get evicted but they could file a judement against you which could really screw up your credit and ability to purchase a home in the future.
Also these low income programs usally require you to have 12 months solid rent payment history which you have just messed up you may want to have another talk with the landlord ASAP.November 3, 2007 at 10:12 PM #95302ParticipantCONTACT A LAWYER!! By the way rent skimming only works when the home was purchased within 12 months from you signing the lease agreement. You have been there for more than 2 years so rent skimming doen’t apply to you! The son deserves to be paid even if his house is going into foreclosure and you can not only get evicted but they could file a judement against you which could really screw up your credit and ability to purchase a home in the future.
Also these low income programs usally require you to have 12 months solid rent payment history which you have just messed up you may want to have another talk with the landlord ASAP.November 3, 2007 at 10:12 PM #95312ParticipantCONTACT A LAWYER!! By the way rent skimming only works when the home was purchased within 12 months from you signing the lease agreement. You have been there for more than 2 years so rent skimming doen’t apply to you! The son deserves to be paid even if his house is going into foreclosure and you can not only get evicted but they could file a judement against you which could really screw up your credit and ability to purchase a home in the future.
Also these low income programs usally require you to have 12 months solid rent payment history which you have just messed up you may want to have another talk with the landlord ASAP.November 3, 2007 at 10:23 PM #95244ParticipantBy the way yes I have run this issue before with SD realtor ( which gets my respect on the issue) and this time I agree with the logic that if this has been a 3 year deal and all of sudden the guy has gotten into a mess then the renter needs to either move on or pay up! And yes there is a huge difference if Marion wants to get a deal on the house but I can say from experience is not a easy journey! My situation was very different the owner had 7 homes at 100% loans and purchased in August 2006 I signed the lease in Nov 2006. The owner told me to stay as long as we could and she letting the house go. We continued to deposit the funds every month in an escrow account and when the home was purchase back by the bank we sign a month to month rental agreement on another home down the street as a back up plan while we work on our purchase offer. Not to mention I was advised by my lawyer through the entire process.
November 3, 2007 at 10:23 PM #95297ParticipantBy the way yes I have run this issue before with SD realtor ( which gets my respect on the issue) and this time I agree with the logic that if this has been a 3 year deal and all of sudden the guy has gotten into a mess then the renter needs to either move on or pay up! And yes there is a huge difference if Marion wants to get a deal on the house but I can say from experience is not a easy journey! My situation was very different the owner had 7 homes at 100% loans and purchased in August 2006 I signed the lease in Nov 2006. The owner told me to stay as long as we could and she letting the house go. We continued to deposit the funds every month in an escrow account and when the home was purchase back by the bank we sign a month to month rental agreement on another home down the street as a back up plan while we work on our purchase offer. Not to mention I was advised by my lawyer through the entire process.
November 3, 2007 at 10:23 PM #95306ParticipantBy the way yes I have run this issue before with SD realtor ( which gets my respect on the issue) and this time I agree with the logic that if this has been a 3 year deal and all of sudden the guy has gotten into a mess then the renter needs to either move on or pay up! And yes there is a huge difference if Marion wants to get a deal on the house but I can say from experience is not a easy journey! My situation was very different the owner had 7 homes at 100% loans and purchased in August 2006 I signed the lease in Nov 2006. The owner told me to stay as long as we could and she letting the house go. We continued to deposit the funds every month in an escrow account and when the home was purchase back by the bank we sign a month to month rental agreement on another home down the street as a back up plan while we work on our purchase offer. Not to mention I was advised by my lawyer through the entire process.
November 3, 2007 at 10:23 PM #95316ParticipantBy the way yes I have run this issue before with SD realtor ( which gets my respect on the issue) and this time I agree with the logic that if this has been a 3 year deal and all of sudden the guy has gotten into a mess then the renter needs to either move on or pay up! And yes there is a huge difference if Marion wants to get a deal on the house but I can say from experience is not a easy journey! My situation was very different the owner had 7 homes at 100% loans and purchased in August 2006 I signed the lease in Nov 2006. The owner told me to stay as long as we could and she letting the house go. We continued to deposit the funds every month in an escrow account and when the home was purchase back by the bank we sign a month to month rental agreement on another home down the street as a back up plan while we work on our purchase offer. Not to mention I was advised by my lawyer through the entire process.
November 3, 2007 at 10:27 PM #95247ParticipantYes to SDrealtor I still think squatters are cool we live on the edge!! lol
November 3, 2007 at 10:27 PM #95301ParticipantYes to SDrealtor I still think squatters are cool we live on the edge!! lol
November 3, 2007 at 10:27 PM #95310ParticipantYes to SDrealtor I still think squatters are cool we live on the edge!! lol
November 3, 2007 at 10:27 PM #95318ParticipantYes to SDrealtor I still think squatters are cool we live on the edge!! lol
November 3, 2007 at 10:40 PM #95250Anonymous
GuestSD Realtor, here is my mindset: First, I am in no position to be a squatter and own this home. I don’t have the downpayment or the income needed right now. I would not buy it even if I was in such a position because I do not like the layout, there aren’t enough rooms or bathrooms(3 bed, 2 ba). In addition, there are zero upgrades to the house: cheap linoleum on the floors, tile on the kitchen countertops, cheap fixtures, cheap carpet. The master bath doesn’t even have a bathtub (shower only).
I am reluctant to leave because my youngest son has established friendships here, and likes the school. If I leave this house, I leave the neighborhood because I only like to rent and buy new homes/apartments. There is nothing new in this neighborhood.
I was going to move eventually because of the above and the fact that the neighbors are trash. Recently the next door neighbor’s grown, unemployed son was in his garage playing with a dog and certain facial expressions made him look more animal than the animal itself (serious).
I cannot find any new homes on craigslist for what I pay here. I pay $1400 per month.
So, I will have to uproot my boys and they will have to get used to a new environment if I move. Also, we will have to live in an apartment and not a house for the time being (a year at least) until I can get something else. I’m looking into options given to me by Raybyrnes and I will be able to get into a single family home or condo in a year to two years regardless if the prices keep dropping.
Bottomline: My son is what I’m worried about. I hate uprooting the kids again. It’s bothering me alot.
If I knew the owner would prevail against the mother, I could stay here longer for my child. But, I do NOT want to rent from that woman. Knowing her nature by way of conversation, she would probably evict me and I’m sure raise the rent to at least $1500.
Guilt (my son) is driving me here.
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