by "ESSSIX GmbH - Accountant/Wagon Thumper" (thedlo)
Published 03/27/2017 at 17:47
by "ESSSIX GmbH - Accountant/Wagon Thumper" (thedlo)
Published 03/27/2017 at 17:47
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STARS: 2
The house I was going to buy fell through...
HUD rejected the short sale.
The seller was 77 payments behind.
I’m sad.
Not so much for losing out on the house, but we signed contracts back in Ju-fucking-ly! The kicker is; during the elapse time 2 houses on the street above posted for sale, and then sold quickly after, and their prices weren’t far from what we were offering for the one (145k).
Background info: the way this town is laid out the street above was were all the very rich lived, so they are much larger, and sexier. All from the same era (late 1800s), so tall ceilings, exaggerated styling, queen ann/second empire stuff.
The house we were trying to buy(pictured) had much of the same interior charms, but none of the same exterior flare from the street above, also minus a few rooms; which is totally fine, the price was amazing, beyond affordable, mortgage(taxes and interest) was a cool 1750, at 1700sq/ft with a detached garage!
For perspective My grand mother owns an apartment building, one of the units is a 3 bedroom, tiny living room, tinier kitchen, and one bathroom. That unit rents for 1500, and only has one parking space.
So now its back to searching for something that tickles my/our fancy (my fiance is letting me call the shots on all this). The dilemma now is that anything else is going to cost us at least another 100k, and property taxes tend to vary quite a lot. Not to mention picking a place that doesn’t add too much to her commute.
I like my parents, maybe I’ll stay with them forever. JK LOL.
Oh best part is it’s on the same street as her parents house, so I’ll be seeing it quite often for the rest of our lives, or until they move, which I don’t see happening...
Life’s a bitch.
"haveacarortwoorthree2" (haveacarortwoorthree2)
03/27/2017 at 17:50, STARS: 3
That sucks. In an effort to lighten the mood, I guess you could say that the seller was upside down on the house!
"ESSSIX GmbH - Accountant/Wagon Thumper" (thedlo)
03/27/2017 at 17:54, STARS: 1
LOL
"AfromanGTO" (afromangto)
03/27/2017 at 18:07, STARS: 0
You’re probably better off not getting that place. I’d check with your city, county, and state to make sure they didn’t have any unpaid assessments or taxes. If they didn’t pay them, you might have had to. So take solace in the fact you weren’t hit up for an additional 50K after moving in. Talk to other owners on that street to see if they are interested in moving. You may be able to get a good deal.
"finn's arm" (andjeee)
03/27/2017 at 18:10, STARS: 1
HUD is such a pain in the ass to work with. I feel very fortunate to have won and gone through the process though.
The person who abandoned my house was severely behind. I am in Texas and bought my house for $96K. I spent around $3K getting certain interior things up to livable (flooring, walls, some trim damage). I still have about $5K more in upgrades (All door trim, crown, lighting upgrades everywhere) planned for the inside to get it the way I want. The sale price of houses around me is in the $120-$140K range. This house once cleaned up will sell in the $130's.
"HFV has no HFV. But somehow has 2 motorcycles" (hondasfordsvolvo)
03/27/2017 at 18:12, STARS: 0
This does not make me feel optimistic about our goal of buying a house by the end of summer.
"ESSSIX GmbH - Accountant/Wagon Thumper" (thedlo)
03/27/2017 at 18:13, STARS: 1
Well the bank was paying for all that, so they were safe with property taxes. Here the banks manage an escrow for property taxes for that exact reason, cause if the town decides you owe too much you lose the property.
Knocking maybe an option, but the orthodox Jews have really made that a really bad thing, some towns have implemented no knock policies just cause of them. Also that puts me in the position to guess their price, most people want to know what you’ll offer before they tell you what they want. The emotional toll wont be fun.
"ESSSIX GmbH - Accountant/Wagon Thumper" (thedlo)
03/27/2017 at 18:15, STARS: 1
lol Just avoid short sales. The irony is in the name.... I’m getting married in November, So I wanna say I have time, but then again who the hell am I kidding.
"ESSSIX GmbH - Accountant/Wagon Thumper" (thedlo)
03/27/2017 at 18:18, STARS: 0
I was hoping my story would be just like yours. I even had my 2 uncles look it over, ones a contractor, the other is an Architect, both gave me the thumbs up. So although it needed some work it was totally worth it.
Oh well.
"HFV has no HFV. But somehow has 2 motorcycles" (hondasfordsvolvo)
03/27/2017 at 18:18, STARS: 1
Yeah we’re going to start getting serious mid April after my wife gets her end of fiscal year bonus. So that gives us 4.5 months for the end of summer. I don’t think that’s a realistic goal.
"Highlander-Datsuns are Forever" (jamesbowland)
03/27/2017 at 18:19, STARS: 1
Oh that sucks. Sometimes short sales work out, sometimes they don’t. I have avoided short sales in the past since they can take 6-12 months to go through.
"ESSSIX GmbH - Accountant/Wagon Thumper" (thedlo)
03/27/2017 at 18:21, STARS: 1
let hope, for you and me, both.
"finn's arm" (andjeee)
03/27/2017 at 18:28, STARS: 1
:( That sucks, but keep plugging away at it!
I was bidding 5-15% over list on a lot of houses in the area b/c everything in my area goes under contract same day. This popped up and I decided to lowball on it after doing a tour.
I started looking at houses again... I just had a kiddo so the 3/2 I envisioned as a great bachelor pad with an office/gaming room and workout room has turned into... a family home.
"AfromanGTO" (afromangto)
03/28/2017 at 00:22, STARS: 0
Ok you area is a little different than mine. I would still be careful about a property like that. The city I live in passed a law recently saying that someone buying a new property can only be charged the max of 160k in back fees. You can however talk with the city and lower the amount if you’re lucky.
No knock policies only apply to businesses. You are an individual inquiring about whether or not their property is for sale. You are selling anything, or offering any services.
"ESSSIX GmbH - Accountant/Wagon Thumper" (thedlo)
03/28/2017 at 09:13, STARS: 1
Ah, that sounds tough. But that’s only a risk on a house that there is no lien, where the owner is responsible for the property taxes. (at least that’s my understanding)
Yea here, it applies to anyone asking if a house is for sale. The orthodox Jews are aggressive to the point of blockbusting. They go as far as buying a house on a block, let it go to shit, and all the while ask everyone on the block to sell, as the property values fall. And no one wants to be the last one to sell since they’ll loose the most, so like domino they fall. Its a big, big problem here. They employee every tactic they can, and are insanely litigious, and successful at it to the point of almost bankrupting towns they dispute with. Pomona NY is one of their latest victims, causing the town to raise taxes to pay for defending the town. And the issue in that case is that they want to build a religious college, and they way its registered it wouldn’t be subject to property taxes, so traffic would greatly increase but income for the town wouldn’t. There are a million levels to this.