Help me please!

[Anonymous]

“Umm.. what are you waiting for? And the schools where you are (with the likes of that deviant), are good?”

uc, you’re right. I was going to move anyway. The schools where I live (Murrieta) are very, very good. The schools where the new condo type apartments are are in the Lake Elsinore school district. NOT good. I can put in a transfer though and may even be able to have them ride the bus because the apartment complex down the street has boundaries within Murrieta school district. If I can get the transfer my kids will be able to walk to the bus stop near the apartment down the street and get on the bus there. I don’t want to move in that apartment because it doesn’t look as good as the new one.

I can either go this route or try and find a another house. The thing is, my kids and I can problably save more in a nice apartment right now because of the reduced utility bills and I won’t have to pay the the increased water bill to water a yard that comes with a house. We have a 3 bedroom now and my kids don’t even use the extra bedroom, they both sleep together in one room by choice (more the little one than the 14 year old). But it works because they are both boys. My goal is to buy a house anyway, renting one will always be temporary.

P.S. actually, if those brand new condos in San Diego are as below market as I think they are and I could get one like that now, I’d move my family to San Diego just to get that value as long as it’s a good area.

[kiki]

being in a bad neigborhood does not justify that you did not pay 2 months of rent so you can not say “and on top of dealing with this neighbors, i have to pay 500”. do not mix things as no matter what you had a contract.

if you did not renew the lease you are in the case of anybody that has a month to month, if the landlord decide to terminate you have to go, that simple.

if they are or not in foreclosure, i still do not see the reason why you think you have the right to stop paying rent.

i think you should leave (clearly not a good neighborhood)and if you are an honest be ready to pay what you owe, maybe rent something smaller/cheaper so that you can afford your debts.

[kiki]

being in a bad neigborhood does not justify that you did not pay 2 months of rent so you can not say “and on top of dealing with this neighbors, i have to pay 500”. do not mix things as no matter what you had a contract.

if you did not renew the lease you are in the case of anybody that has a month to month, if the landlord decide to terminate you have to go, that simple.

if they are or not in foreclosure, i still do not see the reason why you think you have the right to stop paying rent.

i think you should leave (clearly not a good neighborhood)and if you are an honest be ready to pay what you owe, maybe rent something smaller/cheaper so that you can afford your debts.

[kiki]

being in a bad neigborhood does not justify that you did not pay 2 months of rent so you can not say “and on top of dealing with this neighbors, i have to pay 500”. do not mix things as no matter what you had a contract.

if you did not renew the lease you are in the case of anybody that has a month to month, if the landlord decide to terminate you have to go, that simple.

if they are or not in foreclosure, i still do not see the reason why you think you have the right to stop paying rent.

i think you should leave (clearly not a good neighborhood)and if you are an honest be ready to pay what you owe, maybe rent something smaller/cheaper so that you can afford your debts.

[Anonymous]

Kiki, they WERE in foreclosure. The senior lien holder was due to foreclose on Oct. 18th. The mother (second mortgage holder) bailed the son out at the last minute. He had been pocketing my rent money and not paying the senior lein holder for months. So, when I found out the house was in default, I stopped paying rent and was preparing to find something else. I did not count on his mother bailing him out.

Are you saying I should have kept paying this man money knowing the house was going to auction 21 days after Oct. 18th??

[Anonymous]

Kiki, they WERE in foreclosure. The senior lien holder was due to foreclose on Oct. 18th. The mother (second mortgage holder) bailed the son out at the last minute. He had been pocketing my rent money and not paying the senior lein holder for months. So, when I found out the house was in default, I stopped paying rent and was preparing to find something else. I did not count on his mother bailing him out.

Are you saying I should have kept paying this man money knowing the house was going to auction 21 days after Oct. 18th??

[Anonymous]

Kiki, they WERE in foreclosure. The senior lien holder was due to foreclose on Oct. 18th. The mother (second mortgage holder) bailed the son out at the last minute. He had been pocketing my rent money and not paying the senior lein holder for months. So, when I found out the house was in default, I stopped paying rent and was preparing to find something else. I did not count on his mother bailing him out.

Are you saying I should have kept paying this man money knowing the house was going to auction 21 days after Oct. 18th??

[kiki]

Marion,
i am not familiar with foreclosure process, so i do not what will happen to you as tenant after the house goes on auction. All i see is you have a contract, you did not paid (wrongly advised, which can happen) but you spend they money, and this is what I have issues understanding.

About 2 years ago i had to stay a couple of weeks in a hotel in NY, after 2 months the charges of about $1200 were not charged in the credit card. This was a lot of money for me as it was an emergency trip. Anyway, I called the hotel so they would charge (they said they have it as paid in their system), then I called my credit card company and they said that they have not received the charge request for the hotel so they will not charge me. Well, 13 months later, i got the charge in my credit card. it was a suprised but you know what? i did stayed in the hotel and it was my responsibility. I paid it. that simple.

as i have seen other people on this board, when they found out the house they rent were in foreclosure they put the money in an escrow account. They PAID.

but anyway, it is what it is, you already did not pay and you already spend the money, now what? that is what you should be looking.

I would recommend you to move but i would also recommend you to consider how to pay what you owe, the latter as matter of principle.

[kiki]

Marion,
i am not familiar with foreclosure process, so i do not what will happen to you as tenant after the house goes on auction. All i see is you have a contract, you did not paid (wrongly advised, which can happen) but you spend they money, and this is what I have issues understanding.

About 2 years ago i had to stay a couple of weeks in a hotel in NY, after 2 months the charges of about $1200 were not charged in the credit card. This was a lot of money for me as it was an emergency trip. Anyway, I called the hotel so they would charge (they said they have it as paid in their system), then I called my credit card company and they said that they have not received the charge request for the hotel so they will not charge me. Well, 13 months later, i got the charge in my credit card. it was a suprised but you know what? i did stayed in the hotel and it was my responsibility. I paid it. that simple.

as i have seen other people on this board, when they found out the house they rent were in foreclosure they put the money in an escrow account. They PAID.

but anyway, it is what it is, you already did not pay and you already spend the money, now what? that is what you should be looking.

I would recommend you to move but i would also recommend you to consider how to pay what you owe, the latter as matter of principle.

[kiki]

Marion,
i am not familiar with foreclosure process, so i do not what will happen to you as tenant after the house goes on auction. All i see is you have a contract, you did not paid (wrongly advised, which can happen) but you spend they money, and this is what I have issues understanding.

About 2 years ago i had to stay a couple of weeks in a hotel in NY, after 2 months the charges of about $1200 were not charged in the credit card. This was a lot of money for me as it was an emergency trip. Anyway, I called the hotel so they would charge (they said they have it as paid in their system), then I called my credit card company and they said that they have not received the charge request for the hotel so they will not charge me. Well, 13 months later, i got the charge in my credit card. it was a suprised but you know what? i did stayed in the hotel and it was my responsibility. I paid it. that simple.

as i have seen other people on this board, when they found out the house they rent were in foreclosure they put the money in an escrow account. They PAID.

but anyway, it is what it is, you already did not pay and you already spend the money, now what? that is what you should be looking.

I would recommend you to move but i would also recommend you to consider how to pay what you owe, the latter as matter of principle.

[Raybyrnes]

As I mentioned in my original post purchaseing a home through the housing commision is a hybrid purchase. These homes, townhomes, condo are not money makers. That is not the intent of the program. The home prices are set by a combination of Median income, Interest rate, and Housing prices. All in all they have an expectation that you should be able to pay 30% of you monthly income based on the Median Imcomes in San Diego. There fore they are locking you into a fixed monthly payment. Lets say the home price is 150K, %rate is 6% monthly payment is now 1500 a month. If the interest rate goes down to 4% the owner can now sel for 160K becasue the monthly payment is still 1500. If the median income goes from 50K in an area to 60 k this means that people can now afford more than 1500 which has the effect of increasing the 150 selling price to lets say 160.

The bottom line is that you are not going to participate in reapid appreciation. When I was in between jobs I targeted La Jolla, Del Mar, and Carmel Valley for properties. They are out there. I had a 2 bed 2 bath Carmel Valley property lined up for 140K. It would have worked out to 1500 a month. Back out the tax deduction and the pay down on the loan and I was looking at 900$. That is a damn good deal. Problen her is that the seller wanted me to pay all the closing costs. I am in sales and I knew where my income would be in a matter of months and with a wife who is close to obtaining her dental licenses here in the US I felt I would ahve an easier time in a few year of just buying a plce and hoping for the best. In any event go through psots for Temecula and the areas you are interested in. The key is getting your name on the lists. This is a very good deal for someone in your situation.

[Raybyrnes]

As I mentioned in my original post purchaseing a home through the housing commision is a hybrid purchase. These homes, townhomes, condo are not money makers. That is not the intent of the program. The home prices are set by a combination of Median income, Interest rate, and Housing prices. All in all they have an expectation that you should be able to pay 30% of you monthly income based on the Median Imcomes in San Diego. There fore they are locking you into a fixed monthly payment. Lets say the home price is 150K, %rate is 6% monthly payment is now 1500 a month. If the interest rate goes down to 4% the owner can now sel for 160K becasue the monthly payment is still 1500. If the median income goes from 50K in an area to 60 k this means that people can now afford more than 1500 which has the effect of increasing the 150 selling price to lets say 160.

The bottom line is that you are not going to participate in reapid appreciation. When I was in between jobs I targeted La Jolla, Del Mar, and Carmel Valley for properties. They are out there. I had a 2 bed 2 bath Carmel Valley property lined up for 140K. It would have worked out to 1500 a month. Back out the tax deduction and the pay down on the loan and I was looking at 900$. That is a damn good deal. Problen her is that the seller wanted me to pay all the closing costs. I am in sales and I knew where my income would be in a matter of months and with a wife who is close to obtaining her dental licenses here in the US I felt I would ahve an easier time in a few year of just buying a plce and hoping for the best. In any event go through psots for Temecula and the areas you are interested in. The key is getting your name on the lists. This is a very good deal for someone in your situation.

[Raybyrnes]

As I mentioned in my original post purchaseing a home through the housing commision is a hybrid purchase. These homes, townhomes, condo are not money makers. That is not the intent of the program. The home prices are set by a combination of Median income, Interest rate, and Housing prices. All in all they have an expectation that you should be able to pay 30% of you monthly income based on the Median Imcomes in San Diego. There fore they are locking you into a fixed monthly payment. Lets say the home price is 150K, %rate is 6% monthly payment is now 1500 a month. If the interest rate goes down to 4% the owner can now sel for 160K becasue the monthly payment is still 1500. If the median income goes from 50K in an area to 60 k this means that people can now afford more than 1500 which has the effect of increasing the 150 selling price to lets say 160.

The bottom line is that you are not going to participate in reapid appreciation. When I was in between jobs I targeted La Jolla, Del Mar, and Carmel Valley for properties. They are out there. I had a 2 bed 2 bath Carmel Valley property lined up for 140K. It would have worked out to 1500 a month. Back out the tax deduction and the pay down on the loan and I was looking at 900$. That is a damn good deal. Problen her is that the seller wanted me to pay all the closing costs. I am in sales and I knew where my income would be in a matter of months and with a wife who is close to obtaining her dental licenses here in the US I felt I would ahve an easier time in a few year of just buying a plce and hoping for the best. In any event go through psots for Temecula and the areas you are interested in. The key is getting your name on the lists. This is a very good deal for someone in your situation.

[Anonymous]

Raybyrnes, thanks for this information. I don’t understand what you mean by this: “In any event go through posts for Temecula and the areas you are interested in.”

Is there a housing commission for the Temecula area? I am googling it and can’t find anything yet.

[Anonymous]

Raybyrnes, thanks for this information. I don’t understand what you mean by this: “In any event go through posts for Temecula and the areas you are interested in.”

Is there a housing commission for the Temecula area? I am googling it and can’t find anything yet.

[Author]

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