Help me please!

[Raybyrnes]

OC Scam

I don’t agree with what youa re doing either but there is a difference. Youo suggested that you have the moeny in an escrow account. Therefore if there is money to be paid you ensure that the right people get it. Additionally if you ahve the money socked away you ahd enough to pay your bills and this is meoney to boot if there is no oine to make a claim on it. Means you have not over exteded yourself.

This poster does not have the money for the place. She has already spent it. Therefore she is simply looking for a group to rationalize what she is doing. She is overextending herself on RENT. Are you kidding me. I’ll make a bet she has a cell phone and Cable TV to go along with it. To somehow tell her this is OK. Sorry. I see a huge difference. She just wnats a free pass. Might as well institutionalize the practice. You might be good at that. You can advertise. Training Deadbeats to avoid paying rent and then justifying it.

[Anonymous]

Raybyrnes, you are really sick. For the 2 years + that I have lived in this property, I have paid my rent on time. The two months where I did not was when I found out through a broker that the house was in default-on it’s way to foreclosure. When questioned about it, the owner flat out lied. He said it was a misunderstanding. Then when sh*t hit the fan with his mother, I found out what a mess this is.

FYI, I was advised by a broker and real estate agent that the house was probably going to foreclose and not to pay the owner or his mother another cent!

Well, the mother saved it from foreclosing with the senior lien holder, but now the son will not pay his mother and who’s to stop her company from foreclosing.

I don’t have a cell phone and I don’t have cable. Again, up until mother and son made a mess of things my rent was paid ON TIME FOR OVER 2 YEARS. The owner even tried to get me to buy it before the senior lien holder started foreclosure proceedings but I declined because I can get this same house for 250K less than what they paid in a year or two. Momma didn’t raise no fools!

[Anonymous]

Raybyrnes, you are really sick. For the 2 years + that I have lived in this property, I have paid my rent on time. The two months where I did not was when I found out through a broker that the house was in default-on it’s way to foreclosure. When questioned about it, the owner flat out lied. He said it was a misunderstanding. Then when sh*t hit the fan with his mother, I found out what a mess this is.

FYI, I was advised by a broker and real estate agent that the house was probably going to foreclose and not to pay the owner or his mother another cent!

Well, the mother saved it from foreclosing with the senior lien holder, but now the son will not pay his mother and who’s to stop her company from foreclosing.

I don’t have a cell phone and I don’t have cable. Again, up until mother and son made a mess of things my rent was paid ON TIME FOR OVER 2 YEARS. The owner even tried to get me to buy it before the senior lien holder started foreclosure proceedings but I declined because I can get this same house for 250K less than what they paid in a year or two. Momma didn’t raise no fools!

[Anonymous]

Raybyrnes, you are really sick. For the 2 years + that I have lived in this property, I have paid my rent on time. The two months where I did not was when I found out through a broker that the house was in default-on it’s way to foreclosure. When questioned about it, the owner flat out lied. He said it was a misunderstanding. Then when sh*t hit the fan with his mother, I found out what a mess this is.

FYI, I was advised by a broker and real estate agent that the house was probably going to foreclose and not to pay the owner or his mother another cent!

Well, the mother saved it from foreclosing with the senior lien holder, but now the son will not pay his mother and who’s to stop her company from foreclosing.

I don’t have a cell phone and I don’t have cable. Again, up until mother and son made a mess of things my rent was paid ON TIME FOR OVER 2 YEARS. The owner even tried to get me to buy it before the senior lien holder started foreclosure proceedings but I declined because I can get this same house for 250K less than what they paid in a year or two. Momma didn’t raise no fools!

[Anonymous]

And another thing…I’m not a deadbeat or loser. I’m a single mom who put herself through college when my ex walked out on me in 2004. I now have a Master’s degree and am trying to land a good job right now. In one to two years, I will be an owner like yourself when the market crashes all the way down to the ground.

[Anonymous]

And another thing…I’m not a deadbeat or loser. I’m a single mom who put herself through college when my ex walked out on me in 2004. I now have a Master’s degree and am trying to land a good job right now. In one to two years, I will be an owner like yourself when the market crashes all the way down to the ground.

[Anonymous]

And another thing…I’m not a deadbeat or loser. I’m a single mom who put herself through college when my ex walked out on me in 2004. I now have a Master’s degree and am trying to land a good job right now. In one to two years, I will be an owner like yourself when the market crashes all the way down to the ground.

[The OC Scam]

Raybyrnes

I ask one question: What is the difference between a subprime mortgage loan holder who couldn’t afford the payment s and the renter they chose who couldn’t afford the rent?
Answer: Coequals
FYI
By the way Marion I’m not saying you couldn’t afford the rent I listened to what you wrote other than genius here. You just made an error of trusting the broker friend you should have discussed this with a lawyer. But the bottom line is you more than likely will get the money back and then use it for a down payment but you should be careful of this coming back to haunt you.
Here something you may not expect but I’m spending a couple thousand in lawyer fees to negotiate my purchase so if you would like to purchase this property you’re legally squatting in you should prepare to spend some of that escrow money after the failed auction.

[The OC Scam]

Raybyrnes

I ask one question: What is the difference between a subprime mortgage loan holder who couldn’t afford the payment s and the renter they chose who couldn’t afford the rent?
Answer: Coequals
FYI
By the way Marion I’m not saying you couldn’t afford the rent I listened to what you wrote other than genius here. You just made an error of trusting the broker friend you should have discussed this with a lawyer. But the bottom line is you more than likely will get the money back and then use it for a down payment but you should be careful of this coming back to haunt you.
Here something you may not expect but I’m spending a couple thousand in lawyer fees to negotiate my purchase so if you would like to purchase this property you’re legally squatting in you should prepare to spend some of that escrow money after the failed auction.

[The OC Scam]

Raybyrnes

I ask one question: What is the difference between a subprime mortgage loan holder who couldn’t afford the payment s and the renter they chose who couldn’t afford the rent?
Answer: Coequals
FYI
By the way Marion I’m not saying you couldn’t afford the rent I listened to what you wrote other than genius here. You just made an error of trusting the broker friend you should have discussed this with a lawyer. But the bottom line is you more than likely will get the money back and then use it for a down payment but you should be careful of this coming back to haunt you.
Here something you may not expect but I’m spending a couple thousand in lawyer fees to negotiate my purchase so if you would like to purchase this property you’re legally squatting in you should prepare to spend some of that escrow money after the failed auction.

[The OC Scam]

The post above is true that the trustor/ Person named on the title of the property is the person you are legally obligated to. However do not trust that this person will not get out of this mess and come after you which this is why the escrow account is very important! My landlord told me she letting the property go and we could stay here as long as we wish until the foreclosure happens but I kept the account deposits just in case she was lying!

[The OC Scam]

The post above is true that the trustor/ Person named on the title of the property is the person you are legally obligated to. However do not trust that this person will not get out of this mess and come after you which this is why the escrow account is very important! My landlord told me she letting the property go and we could stay here as long as we wish until the foreclosure happens but I kept the account deposits just in case she was lying!

[The OC Scam]

The post above is true that the trustor/ Person named on the title of the property is the person you are legally obligated to. However do not trust that this person will not get out of this mess and come after you which this is why the escrow account is very important! My landlord told me she letting the property go and we could stay here as long as we wish until the foreclosure happens but I kept the account deposits just in case she was lying!

[ucodegen]

FYI, I was advised by a broker and real estate agent that the house was probably going to foreclose and not to pay the owner or his mother another cent!

Brokers and real estate agents are not qualified to give this type of advice.. and they shouldn’t be giving it.

Well, the mother saved it from foreclosing with the senior lien holder, but now the son will not pay his mother and who’s to stop her company from foreclosing.

Who is to stop her from foreclosing? Only if the son comes up with the money! This is why I mentioned you have to follow property and contract law. You have a situation where both could be demanding the rental payment. The question is, who gets it. I would recommend that the mother take immediate action on the property. Until she does, it looks like the son(owner) gets the rent, not the mother(second lienholder), even in spite of the Deed of Trust. The way the trust is worded, it looks like she is trying to save him from himself. You don’t want to get in the middle of that.

In addition, the mother(second) can’t have it both ways:
Please understand, we are NOT a Property Manager and we are not responsible for any repairs to the property during this rent assignment period until notified to the contrary.
If you are a property manager, you can evict and demand rent. If you are only the lien holder you can only demand payments from the one who the loan is with, not any tenant on the property. If you are not the property manager or owner, you do not have the power to evict.

The real kicker here is that they are mother and son and both are demanding payments from the tenant instead of handling it between them. They will really NOT want this to go to court because the judge would not look well on their behavior.

[ucodegen]

FYI, I was advised by a broker and real estate agent that the house was probably going to foreclose and not to pay the owner or his mother another cent!

Brokers and real estate agents are not qualified to give this type of advice.. and they shouldn’t be giving it.

Well, the mother saved it from foreclosing with the senior lien holder, but now the son will not pay his mother and who’s to stop her company from foreclosing.

Who is to stop her from foreclosing? Only if the son comes up with the money! This is why I mentioned you have to follow property and contract law. You have a situation where both could be demanding the rental payment. The question is, who gets it. I would recommend that the mother take immediate action on the property. Until she does, it looks like the son(owner) gets the rent, not the mother(second lienholder), even in spite of the Deed of Trust. The way the trust is worded, it looks like she is trying to save him from himself. You don’t want to get in the middle of that.

In addition, the mother(second) can’t have it both ways:
Please understand, we are NOT a Property Manager and we are not responsible for any repairs to the property during this rent assignment period until notified to the contrary.
If you are a property manager, you can evict and demand rent. If you are only the lien holder you can only demand payments from the one who the loan is with, not any tenant on the property. If you are not the property manager or owner, you do not have the power to evict.

The real kicker here is that they are mother and son and both are demanding payments from the tenant instead of handling it between them. They will really NOT want this to go to court because the judge would not look well on their behavior.

[Author]

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