Two weeks ago my landlord e-mailed me stating that he was considering filing a bankruptcy that may impact us, his renters. Over the course of the next couple of weeks, he tried hard to convince me to buy this house. I should have been suspicious.
We like our house, although it is a bit small. It has wonderfully deep moldings, imperfect hardwood floors, a claw foot bathtub and even a couple of stained glass windows. It fits my personality much better than our family. I just renewed the lease in September.
The landlord is convinced that although we are currently functioning minus half of our salary because the economic culture dictated a layoff for us this past year, we could certainly afford to buy this house. Did I mention the house needs a new sewer line? We are not interested.
In an effort to find out what is going on with our house, I called the bank that holds the note. The landlord was kind enough to offer the contact information in hopes that we would buy. The banker was loose lipped and let me know that the house was already forty days into the foreclosure process.
I was stunned. In true academic style, I became best friends with my laptop and did some research. What I found was not good news, but there is some comfort in knowing that I am not alone. Frankly, a good deal of people are far worse off than we are even though it does not feel that way right now. I found this, and this, and this, and this, and so much more that I shrink from linking you, because it is certainly depressing.
If you are an optimist you are likely wondering what good could come of this. And, I suppose for my own sanity I should scribe the positive here in order to survive what is to come.
- Friends have swarmed with offers of places to live, pick up trucks, muscle, and great empathy. Thank you.
- Since this has happened to us before, just over a year ago, I still have many things packed in boxes.
- Because I immediately took charge, as is my controlling nature, I found a house We are gaining four rooms a laundry room, game room, sewing room and John and I will now have an office.
- A very kind lawyer gave me free advice today - move. Ask for the deposit you will not likely see. Combined with moving expenses, it will be a good amount of money.
- My children and husband thinks the basketball goal in the backyard seals the deal.
- I gave up a claw foot tub, but now have a jetted tub. Not as much charm, but worth the loss maybe.
- We are moving Thanksgiving weekend. I can't cook. Sorry, Mom.
- We will not be homeless. I had just enough money to make the new deposit.
- I am highly educated in renter's rights.