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View Full Version : It's time to move on....


FFC
09-03-2008, 12:02 AM
Warning Warning.... long rant ahead:

[on rant]

Well, it's been confirmed that the house we live in (owned by my mother, who bought it from my husband when we got together so that it didn't go into foreclosure), is in fact going into foreclosure. Matt and I are now looking for another place to live. We have found out that buying a home right now is in fact, several HUNDRED dollars cheaper per month than renting.

We have found a home we like, but it's not in a great neighborhood. However, the homes in our price range are not found in the comfy safe neighborhoods anyway. We're thinkin about buying and living there for about 7 years or so, then hopefully by then we'll both have our degrees, sell the house and get the house we both dream of having.

We figure we have till around January before the bank will tell us to get out. I guess they have to give us 30 days' notice to get out, and I've even heard that they'll pay us to get out when they want us out to avoid the house being vandalized. As long as we're living here, no one can come in and steal the a/c, stove, plumbing etc. I have a friend who was paid $500 to move out when they wanted her out, and not any sooner. Hmmm... sounds like it *could* get us through Christmas.... we'll see.

In the meantime my stepdad is pretty bitter at us for the house going down the drain. These past 2 years that we've been living here, we've been paying mom the mortgage amount that she requested from us (outrageous btw), and now that the house is being lost, he is seeming to blame us for it. I guess now he can say "I told you so".... and that's exactly what he's doing. I have a lot of love and respect for him but this new side I'm seeing is just so frustrating. I want him to be happy and I want him to be cool with us, but it's draining trying to keep him happy.

Meanwhile, we're still house shopping and scraping by, even though our rent was cut in half (trying to help mom get out of her financial hole she's in right now). I had to change insurance companies today because the ones we were with were outrageous when we insured the Pathfinder. So we cut the cost of our policy in half, but had to come up with a downpayment anyway :urgh:

One thing after another right now.

Also (this is so petty and dumb, but I'm gonna share anyway), every year I go on a camping/wheelin trip with about 150-200 other 4x4 rigs/and friends. They're all from one of the other forums I live on. This is the first year I'm going and having to walk the trail (14 miles just to the campsite, then 14 miles back out to the truck when we're done), meaning I won't have my rig. I have a seat in a friend's rig if I need it, but I'm also bringing my mom, and I don't want to ditch her. So I'm kinda having a pity party about that. Small potatoes when considering we might not have a home in a few months :irked:

[/on rant]

snowflakebride
09-03-2008, 12:06 AM
Oh no! Sorry you have to deal with this. You're stepdad's attitude doesn't help.

FFC
09-03-2008, 11:25 AM
You got that right. I was going to count on him to be our 'inspector' when we find a house - doesn't look like he's going to fall into the role though.

WebLady
09-03-2008, 11:50 AM
Oh no! Sorry you have to deal with this. You're stepdad's attitude doesn't help.
My thoughts exactly!

I hope things work out for you guys :hug:

Nekochanpurr
09-04-2008, 12:56 AM
Ack! i hope things work out for you. :( i know how you feel about only being able to afford houses in the not as nice areas.. Hopefully we'll be able to, anyway. lol

FFC
09-04-2008, 01:12 PM
Thanks.... only time will tell right now. September is a bad month to start saving, but hopefully we can cram a few pennies into the savings account. Also gonna shoot for some first time home buyer's programs too!

uptowngirl
09-04-2008, 01:23 PM
Wow Justina, I am sorry you are having to deal with this - especially right when you should be blissfully enjoying being a newlywed! I guess if you get all the "for worse" stuff over with in the beginning you and enjoy the "better" part for years to come!

It stinks that your step dad isn't being supportive right now - I hope he gets his act together!

FFC
09-04-2008, 01:30 PM
Thanks Sarah, you have a great point. At least now we have the "for better" to look forward to.

flyerso6
09-04-2008, 07:16 PM
I am confused so you have been paying your mom but she hasnt been paying the mortgage? If thats the case that really sucks.

Good luck!

FFC
09-05-2008, 12:15 PM
I am confused so you have been paying your mom but she hasnt been paying the mortgage? If thats the case that really sucks.

Good luck!

For the most part yeah. She wasn't charging us the full mortgage amount (we were paying $1700, full mortgage was just over $2k). But she figured that she should keep her head above water everywhere else in life, then worry about the house. Making the house her last priority helped her save her own house and her husband's truck.

I'm not bitter about it, just stressed.

Yesterday we got a notice that the house is in fact IN foreclosure. That kinda made it more real to me, and I've been lookin at homes like crazy since yesterday afternoon. There are a few that we really like (from pictures), so I forwarded them to my realtor to see what he says bout them.

caligal85
09-05-2008, 01:10 PM
That is rough. I hope you guys will be able to come up with something that works and is in a good neighborhood.

Rainbow Brite
09-05-2008, 02:45 PM
Dang, that sucks girl! I'm so sorry!

bichonlvr
09-05-2008, 09:53 PM
Where you lookin'????

FFC
09-05-2008, 10:02 PM
Where you lookin'????


Unfortunately, the only places in our price range (under 100k), are off Florin, Stockton, Franklin, Mack and Meadowview. (haven't looked in Citrus Heights/Carmichael/North Highlands because it's too far from work anyway).

We found a place off Meadowview out by I-5 for a decent price, and it's even livable and not bank owned. So far it's the most promising. Problem is we don't have a downpayment so we're tryin to work something with our lender without a down.

About 95% of the homes in our range are bank owned, and dealing with a bank is not very safe as a first time homebuyer.

We also found a place in Isleton on 1/3 acre... haven't looked at it yet, and the ad says fixer upper. I know whatever we get has to be livable.

bichonlvr
09-05-2008, 10:22 PM
NICE...hey a house is a house....

Do you for sure want a house??? If not, check out townhomes, condos or duplexes!!!!!

FFC
09-05-2008, 10:25 PM
NICE...hey a house is a house....

Do you for sure want a house??? If not, check out townhomes, condos or duplexes!!!!!

Between Matt and I, we have 5 vehicles plus a flat trailer, a motorcycle (at my mom's), and a HUGE swing set that has to go somewhere. It was Sierra's like, 4th birthday gift or something like that. We have to have a house.

I like your thinkin though.. a house is a house. I'll have to run that on by Matt :) Thanks, it helps!

ladymelissa
09-05-2008, 10:34 PM
Back to your OP, if your mom chose to buy your house and set up the deal with you, then it really isn't entirely your problem, other than your current house is in foreclosure and you have to move. Your step dad has completely misdirected his anger, as I read it.

Best wishes finding something else! Would you consider selling some of your vehicles to help with a down payment?

FFC
09-05-2008, 10:41 PM
Back to your OP, if your mom chose to buy your house and set up the deal with you, then it really isn't entirely your problem, other than your current house is in foreclosure and you have to move. Your step dad has completely misdirected his anger, as I read it.

Best wishes finding something else! Would you consider selling some of your vehicles to help with a down payment?

You're right, the house foreclosing isn't my problem, but it will always be on my conscience. It'll always bother me that my mom went out on a limb for us and between all of us we couldn't hang onto the house. So it's HER credit that gets messed up.

As for selling some of our vehicles, it'll take money to get them sellable if we did decide to sell them. I have my Pathfinder that we just bought cuz we dont' have a reliable vehicle, Matt's pickup that tows the trailer, and our 2 wheelin rigs. Mine is down right now, and he just got his runnin after sitting in the garage for the past 6 months. The 5th vehicle is no complete. We have it for parts for our other 2 rigs. I don't expect a lot of ya'll to understand the vehicle situation, but that's no biggy. As for the downpayment..... time will tell. After this trip next weekend we'll be pinchin pennies and hopefully can come up with a little bit of a down at least.

ladymelissa
09-05-2008, 10:44 PM
Awww, I am sorry that you have all that on your conscience. But I have to wonder what your mom was thinking or why she didn't discuss it properly with your step dad in the first place, as you were paying the bulk of it. :hug:

And I am sorry, when you said 5 vehicles, I pictured 5 cars or something! I really hope you find something you can live with and in.

FFC
09-05-2008, 11:31 PM
One thing I admire about my mom, is she doesn't answer to her husband's beck and call. I'm not saying that husbands and wives shouldn't get along and agree, I'm just saying he's got some wierd outlooks and I'm glad that she is able to think for herself.

She did discuss this situation with him. He didn't like it, but he SUPPORTED it when we first got into this mess. The plan was to hang onto the house till the market goes back up, but that's not for a couple more years, and we're not making it. He was going to get 1/4 of the profits off of it. He liked that part, but not the meantime part.

Can't please everyone. Now that Matt and I are married, we've agreed to do everything possible on our own, without mom/dad/family's help. Hoping to get the house into OUR name, the car is in OUR name, and getting grandpa paid off would be a HUGE plus. That ain't happenin till we're in a house though.

f77g4
09-07-2008, 08:39 PM
Wow - so sorry to hear about this.

In Canada some of the banks have no down payment option mortgages so you may want to look into that. FH & I had a downpayment for our house last year - only 5% but at least it was something. We were able to use another option available to us through his RRSP program. When you are a first time homebuyer, you can withdraw funds from your RRSP to use as a downpayment then you have 2 years before you have to pay back that money and you simply get the payments deducted from your regular tax returns. You have 15 years to repay the funds to your RRSP.

Not sure if you guys have anything like that but worth a shot for sure.

FFC
09-08-2008, 12:38 PM
Thanks, I'll ask my lender about that!

Qtpie
09-21-2008, 02:08 AM
I am so sorry this is happening to you. FH and I just lost our house this month, we had to sell it in a short sale to keep from the bank forclosing on us but we still have a mortgage for 55,000 for the next 10 years. and we don't even have any property anymore. UGH>

FFC
09-22-2008, 05:13 PM
I am so sorry this is happening to you. FH and I just lost our house this month, we had to sell it in a short sale to keep from the bank forclosing on us but we still have a mortgage for 55,000 for the next 10 years. and we don't even have any property anymore. UGH>

I'm sorry to hear :( That's terrible!

We've kinda tentatively changed plans.... deffinitely moving out of the house we're in, but rather than buying we have some ideas I'll have to post about when I'm not at work.