- This topic has 229 replies, 18 voices, and was last updated 17 years ago by The OC Scam.
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November 3, 2007 at 11:18 PM #95267November 3, 2007 at 11:18 PM #95324SD RealtorParticipant
Marion it does sound like a tough situation. I don’t have any easy answer for you and definitely I wish you the best of luck no matter what direction you take. As a parent I understand the reluctance to uproot the kids. Having moved 3 times in the last 2 years with 2 kids I know it totally sucks. Mine are toddlers so at least uprooting them is not a problem at this point. With older kids I would imagine it is way worse.
I guess whatever your attorney advises you to do is the best recourse.
November 3, 2007 at 11:18 PM #95332SD RealtorParticipantMarion it does sound like a tough situation. I don’t have any easy answer for you and definitely I wish you the best of luck no matter what direction you take. As a parent I understand the reluctance to uproot the kids. Having moved 3 times in the last 2 years with 2 kids I know it totally sucks. Mine are toddlers so at least uprooting them is not a problem at this point. With older kids I would imagine it is way worse.
I guess whatever your attorney advises you to do is the best recourse.
November 3, 2007 at 11:18 PM #95340SD RealtorParticipantMarion it does sound like a tough situation. I don’t have any easy answer for you and definitely I wish you the best of luck no matter what direction you take. As a parent I understand the reluctance to uproot the kids. Having moved 3 times in the last 2 years with 2 kids I know it totally sucks. Mine are toddlers so at least uprooting them is not a problem at this point. With older kids I would imagine it is way worse.
I guess whatever your attorney advises you to do is the best recourse.
November 3, 2007 at 11:51 PM #95285AnonymousGuestTo 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. π
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.
November 3, 2007 at 11:51 PM #95342AnonymousGuestTo 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. π
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.
November 3, 2007 at 11:51 PM #95350AnonymousGuestTo 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. π
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.
November 3, 2007 at 11:51 PM #95357AnonymousGuestTo 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. π
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.
November 4, 2007 at 12:15 AM #95304RaybyrnesParticipantSD Realtor
I’m with you. Can’t get my head around any logic that one should not pay.
Marian. Don’t see how you can make a statement that you are throwing money away. You have recieved a service and are responisible for paying.
I walked out of Target with a Football one day that my son put in the shopping cart and I didn’t realize it until I got to the car. Was I throwing money away when I walked back into the store and put the ball back?
Maybe I should assume that they are misleading shareholders and cooking the books so maybe I should have just kept it.
November 4, 2007 at 12:15 AM #95358RaybyrnesParticipantSD Realtor
I’m with you. Can’t get my head around any logic that one should not pay.
Marian. Don’t see how you can make a statement that you are throwing money away. You have recieved a service and are responisible for paying.
I walked out of Target with a Football one day that my son put in the shopping cart and I didn’t realize it until I got to the car. Was I throwing money away when I walked back into the store and put the ball back?
Maybe I should assume that they are misleading shareholders and cooking the books so maybe I should have just kept it.
November 4, 2007 at 12:15 AM #95368RaybyrnesParticipantSD Realtor
I’m with you. Can’t get my head around any logic that one should not pay.
Marian. Don’t see how you can make a statement that you are throwing money away. You have recieved a service and are responisible for paying.
I walked out of Target with a Football one day that my son put in the shopping cart and I didn’t realize it until I got to the car. Was I throwing money away when I walked back into the store and put the ball back?
Maybe I should assume that they are misleading shareholders and cooking the books so maybe I should have just kept it.
November 4, 2007 at 12:15 AM #95375RaybyrnesParticipantSD Realtor
I’m with you. Can’t get my head around any logic that one should not pay.
Marian. Don’t see how you can make a statement that you are throwing money away. You have recieved a service and are responisible for paying.
I walked out of Target with a Football one day that my son put in the shopping cart and I didn’t realize it until I got to the car. Was I throwing money away when I walked back into the store and put the ball back?
Maybe I should assume that they are misleading shareholders and cooking the books so maybe I should have just kept it.
November 4, 2007 at 5:26 AM #95322CritterParticipantAn escrow account is, by definition, a hands-off account. It can’t be your own bank account. What would prevent you from grabbing the money?
Nor can it be an account that the landlord could access. The money is safe until a legal entity decides who receives it. Perhaps OC Scam can let us know how his/her escrow account was set up.
As far as “throwing away your money” is the house is foreclosed on in three months… you are paying to have a roof over your head NOW, so this is not a valid issue. The service you are paying for is being provided, therefore, you need to pay the full amount in a timely fashion, and not with caveats on your part.
If it is that uncomfortable for you to be there start researching alternatives. But by all means – the rental agreement you signed is still your responsibility.
All this said, I think you are on the right track by putting your situation on a blog and getting answers from all directions. Your concern is your son – who will probably absorb some valuable life lessons by how this is handled.
November 4, 2007 at 5:26 AM #95378CritterParticipantAn escrow account is, by definition, a hands-off account. It can’t be your own bank account. What would prevent you from grabbing the money?
Nor can it be an account that the landlord could access. The money is safe until a legal entity decides who receives it. Perhaps OC Scam can let us know how his/her escrow account was set up.
As far as “throwing away your money” is the house is foreclosed on in three months… you are paying to have a roof over your head NOW, so this is not a valid issue. The service you are paying for is being provided, therefore, you need to pay the full amount in a timely fashion, and not with caveats on your part.
If it is that uncomfortable for you to be there start researching alternatives. But by all means – the rental agreement you signed is still your responsibility.
All this said, I think you are on the right track by putting your situation on a blog and getting answers from all directions. Your concern is your son – who will probably absorb some valuable life lessons by how this is handled.
November 4, 2007 at 5:26 AM #95388CritterParticipantAn escrow account is, by definition, a hands-off account. It can’t be your own bank account. What would prevent you from grabbing the money?
Nor can it be an account that the landlord could access. The money is safe until a legal entity decides who receives it. Perhaps OC Scam can let us know how his/her escrow account was set up.
As far as “throwing away your money” is the house is foreclosed on in three months… you are paying to have a roof over your head NOW, so this is not a valid issue. The service you are paying for is being provided, therefore, you need to pay the full amount in a timely fashion, and not with caveats on your part.
If it is that uncomfortable for you to be there start researching alternatives. But by all means – the rental agreement you signed is still your responsibility.
All this said, I think you are on the right track by putting your situation on a blog and getting answers from all directions. Your concern is your son – who will probably absorb some valuable life lessons by how this is handled.
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