For the past 9 months or so, I've been a first time homeowner, and I've been working with my lawyer to get a loan modification due to the house being previously owned by my mom (who now lives in NY) and was on the heels of foreclosure after my dad passed away 5 years ago.
Sadly, the loan modification didn't work out and I was still constantly being hounded by our lender to pay all of the outstanding balance that led to the house being foreclosed in the first place. My mom declared bankruptcy a few years back to save the house. Just recently, the house was sold off to a private investor who literally *promised* me that he would work things out by having me rent the house with an option to buy it again in 2 years. The rent would be much much cheaper than what I was currently paying for the mortgage.
However, the investor has decided to be an asshole and now wants me out. I asked him why and he said "I can't disclose those reasons right now" and has been harrassing the shit out of me for the past few weeks. I told him that I would be taking things up with my lawyer and now I have these options:
- I leave the house by the end of April and I get $10,000 to find a new place.
- My laywer is going to sue both our previous lender and the investor for withholding information/harrasment and I *may* get $25-$50K from all of it.
- The housing market is a lot better now so even if I only got the $10,000, I can *easily* rent a new house which could be bigger and better than my current one for less $$$.
I've decided that I'm going to blow this popsicle stand, get a bigger, badder, and better
house for much less rent money (with the option to buy in 2 years) and hope my previous lender and investor go fuck themselves and have fun picking up the mess while I end up being filthy rich.
I have to admit the thought of moving out is daunting, but it's best that I move onto a bigger and better place without the excess baggage.