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October 26, 2007 at 5:53 PM #92312October 26, 2007 at 5:55 PM #92275ucodegenParticipant
One good thing to do.. get the owner and the holder of the second in the same room and have them hash out exactly who you are supposed to be paying and who has eviction rights etc.
October 26, 2007 at 5:55 PM #92304ucodegenParticipantOne good thing to do.. get the owner and the holder of the second in the same room and have them hash out exactly who you are supposed to be paying and who has eviction rights etc.
October 26, 2007 at 5:55 PM #92315ucodegenParticipantOne good thing to do.. get the owner and the holder of the second in the same room and have them hash out exactly who you are supposed to be paying and who has eviction rights etc.
October 26, 2007 at 6:02 PM #92279ucodegenParticipantAnother note on contract law.
There are circumstances with respect to the Deed of Trust that are interesting..
This deed of trust, since it effects rental payments and the rent, should have been revealed at the point of the lease being signed. It is very hard to bind someone to a contract that they were not a party/signator to, which may also affect whether the “Assignment of Rents” is even legal.
October 26, 2007 at 6:02 PM #92307ucodegenParticipantAnother note on contract law.
There are circumstances with respect to the Deed of Trust that are interesting..
This deed of trust, since it effects rental payments and the rent, should have been revealed at the point of the lease being signed. It is very hard to bind someone to a contract that they were not a party/signator to, which may also affect whether the “Assignment of Rents” is even legal.
October 26, 2007 at 6:02 PM #92317ucodegenParticipantAnother note on contract law.
There are circumstances with respect to the Deed of Trust that are interesting..
This deed of trust, since it effects rental payments and the rent, should have been revealed at the point of the lease being signed. It is very hard to bind someone to a contract that they were not a party/signator to, which may also affect whether the “Assignment of Rents” is even legal.
October 26, 2007 at 7:11 PM #92283bonfireParticipantMove!
October 26, 2007 at 7:11 PM #92310bonfireParticipantMove!
October 26, 2007 at 7:11 PM #92320bonfireParticipantMove!
October 26, 2007 at 7:48 PM #92288RaybyrnesParticipant“To forum members, it gets worse for me. I did not pay rent for 2 months because I thought the senior lien would foreclose. The second mortgage holder (his mother)saved the loan 2 weeks before it was due to go to auction. Now I would have to pay the owner an extra $500 a month on top of the montly rent to stay to get caught up. I did not pay because I thought the house was going to foreclose. Now he wants me to pay the back 2 months rent. I used that money for bills (maybe I shouldn’t have) now I will be struggling if I stay here.”
So they want you to pay for housing that you lived in and agreed to pay rent on. If some one has gall itit you.
“I use the money to pay bills”
SO you wered over spending in the first place.Here what you need to do. Hook up with a motgage broker and get yourself one of these nice negative amortizaiton loans. Do a 100% finance wiht interest only payments. Find yourself a realator who will help you stretch to find a house that you can sneak into. Lever there for a month and make no payments. I mean rent, morgage, responsibilities. WHat do you care. Somehow you feel you don’t have to pay.
October 26, 2007 at 7:48 PM #92316RaybyrnesParticipant“To forum members, it gets worse for me. I did not pay rent for 2 months because I thought the senior lien would foreclose. The second mortgage holder (his mother)saved the loan 2 weeks before it was due to go to auction. Now I would have to pay the owner an extra $500 a month on top of the montly rent to stay to get caught up. I did not pay because I thought the house was going to foreclose. Now he wants me to pay the back 2 months rent. I used that money for bills (maybe I shouldn’t have) now I will be struggling if I stay here.”
So they want you to pay for housing that you lived in and agreed to pay rent on. If some one has gall itit you.
“I use the money to pay bills”
SO you wered over spending in the first place.Here what you need to do. Hook up with a motgage broker and get yourself one of these nice negative amortizaiton loans. Do a 100% finance wiht interest only payments. Find yourself a realator who will help you stretch to find a house that you can sneak into. Lever there for a month and make no payments. I mean rent, morgage, responsibilities. WHat do you care. Somehow you feel you don’t have to pay.
October 26, 2007 at 7:48 PM #92326RaybyrnesParticipant“To forum members, it gets worse for me. I did not pay rent for 2 months because I thought the senior lien would foreclose. The second mortgage holder (his mother)saved the loan 2 weeks before it was due to go to auction. Now I would have to pay the owner an extra $500 a month on top of the montly rent to stay to get caught up. I did not pay because I thought the house was going to foreclose. Now he wants me to pay the back 2 months rent. I used that money for bills (maybe I shouldn’t have) now I will be struggling if I stay here.”
So they want you to pay for housing that you lived in and agreed to pay rent on. If some one has gall itit you.
“I use the money to pay bills”
SO you wered over spending in the first place.Here what you need to do. Hook up with a motgage broker and get yourself one of these nice negative amortizaiton loans. Do a 100% finance wiht interest only payments. Find yourself a realator who will help you stretch to find a house that you can sneak into. Lever there for a month and make no payments. I mean rent, morgage, responsibilities. WHat do you care. Somehow you feel you don’t have to pay.
October 26, 2007 at 8:25 PM #92294AnonymousGuestFYI, Raybyrnes. The owner was taking my money that was supposed to go towards paying the mortgage and pocketing it and using it for his personal expenses. How’s that for “responsibilities”? The senior loan holder almost foreclosed on this house last month.
Maybe you ought to talk when you’re in my shoes and don’t know how long you will be able to live somewhere your children have grown attached to. I bet you own your home, don’t you. Well, I don’t have that good fortune right now. And I had enough integrity not to take out one of the so-called loans you mention above and not contribute to the housing mess this country is now in.
The owner lied to me for months. I had asked him previously if he was in trouble. He said “no”. Thus he lied. He owes 2k plus legal fees for the homeowner’s dues he hasn’t paid for months! So, save your self-righteous lecture for someone who deserves it. What do you rent out property? I bet you do.
October 26, 2007 at 8:25 PM #92322AnonymousGuestFYI, Raybyrnes. The owner was taking my money that was supposed to go towards paying the mortgage and pocketing it and using it for his personal expenses. How’s that for “responsibilities”? The senior loan holder almost foreclosed on this house last month.
Maybe you ought to talk when you’re in my shoes and don’t know how long you will be able to live somewhere your children have grown attached to. I bet you own your home, don’t you. Well, I don’t have that good fortune right now. And I had enough integrity not to take out one of the so-called loans you mention above and not contribute to the housing mess this country is now in.
The owner lied to me for months. I had asked him previously if he was in trouble. He said “no”. Thus he lied. He owes 2k plus legal fees for the homeowner’s dues he hasn’t paid for months! So, save your self-righteous lecture for someone who deserves it. What do you rent out property? I bet you do.
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