i dont want to leave my home

Foreclosures
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i dont want to leave my home

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Member since 2011 · 11 posts · 0 votes

please hear me out
I built my home back in 2001 with my own 2 hands its 10,000sqft its a smart home all the amenties you name it it has it. in 2006 i could pay my bills and i went into short sale noone was able to close a buyer finally close this march 2011 it took 2 years for him to close he paid me 15,000 out of a good heart because he knew i had no money.. in addition i have 6 kids so we also signed a contract of him allowing me to stay in the house for 2 months until (may 15th) so my kids can finish up school so i have just over 1 month left in my home.. but i dont want to leave im figuring i can trick him into letting me stay until july 1st .. im not considered a tenant so i cant go to landlord tenant court. because on the contract we signed he made sure i wasnt going to be considered a tenant.. is their anything i can do? he also promise me 5,000 on may 15th please i need help is their anything i can do i already asked him if i can stay longer but he said no he also has kids and they want to get setteled into the house.. but i built this house and they dont deserve it the house is worth over 3 million and they paid 670,000 i need help, advice, tricks is their anything.. i cant leave . i wont leave

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Full-Time Investor · Charlotte, NC · Member since 2009 · 2k+ posts · 1k+ votes
15y

you make me want to type words that the forum will bleep out...TO ALL NEWBIE INVESTORS..THIS IS WHY YOU DON'T GIVE PEOPLE THE BENEFIT OF THE DOUBT!! THIS IS WHY YOU DON'T LET DISTRESSED HOMEOWNERS STAY AFTER A CLOSING!! well, they seemed nice, he has kids, he was on disability, etc. look, the guy that bought your house has gone above and beyond to help you, and you still want to screw him financially due to a possible mistake that may or may not have been made in the paperwork of an attorney....do you honestly expect anyone to say, "yes, cheat the system...screw over the investor who has already been too nice to you"???

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  • Zach SikesBusiness Member
    Residential Real Estate Broker · Edmond, OK · Member since 2011 · 452 posts · 183 votes
    15y

    Josh - Thanks for leaving it up. It simply reinforces that you can't let a seller stay in the home after closing!

    To the OP - You really need a reality check. While this guy was trying to help you, you are stabbing him in the back. Obviously the house is not woth $3 million if it is in the condition that you say it is. AND like has been said here before, you DO NOT OWN anything in the house that is attached. The chandelier is attached. How could it possibly hang and have power if it wasn't?

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  • Kevin Yeats
    Lender · Fort Pierce, FL · Member since 2009 · 825 posts · 486 votes
    15y

    I think this thread teaches a valuable lesson to anyone with many dependents (children) who count on their parent(s) to keep a roof over their head.

    It is worthwhile to spend some time learning about Disability Income Insurance. Relying upon a policy through an employer is a mistake. Worse still is relying upon Social Security disability benefits.

    As Mike has learned here in this hard lesson, he would have been well served to have his own policy before the accident happened.

    After the accident, he could have taken many other steps. He could have sold the house and downsized into a house with a smaller or no mortgage payment. He really needed to find another source of income such as selling on eBay or a home based business.

    From his posts, he sounds exceptionally bitter about his circumstances, That bitterness has turned into a sense of entitlement that others *owe him*.

    I hope he comes to his senses before the sheriff becomes involved and the rightful owner of the house sues him. It really will send the wrong message to his children who still need him to be a responsible parent.

    Mike, I truly wish you the best of luck. Reach out for help while fulfilling your obligations.

    5Reply
  • Bienes Raices
    Orlando, FL · Member since 2009 · 2k+ posts · 282 votes
    15y

    Another vote for OP = troll

    0Reply
  • Jon Holdman
    Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    15y

    While I do think the OP is very likely to be just trolling, the thread is a valuable lesson for anyone who "want's the help the homeowner out and let them stay in their 'home'". This is a bad idea for a number of reasons. We haven't even gotten to the point where the OP, if real, might try to claim an equitable mortgage. But we have the OP trying to jerk around the investor. The investor who was a white knight not so long ago. Now he's an evil, dirty jerk who derves to be robbed?

    And, robbery this is. If you remove and sell that chandelier, Mike, you will be a thief. Regardless of any contract BS you try to sling around, the chandelier, and a lot of other stuff, is intrinsically part of the property AND BELONGS TO THIS INVESTOR. If you steal it and sell it I hope he calls the cops and presses charges and you end up in prison. I'm sure you contract didn't explicitly say the siding was included. Are you going to rip that off and sell it too?

    9Reply
  • Maryann L.
    Specialist · MA · Member since 2009 · 858 posts · 306 votes
    15y
    Originally posted by Anna Vul:
    take this post down.. dont want to give any people ideas on how he cheated the system.. or how to threaten someone on the house of their dream by saying if you dont pay me i wont sign at the closing.. believe me the same thing happen to me last year my husband paid the people because the guy lost his job.. he paid him 10 thousand also and gave them 3 weeks to leave and he didnt want to leave.. we just called the marshall and they were kicked out.. but i think this post should be deleted.. before people get ideas.

    YUP!! This strangely similar writing style to the original poster just confirmed to me this is all an elaborate hoax...someone screwing with our time.

    DEFINITELY valuable for newbies though on what NOT to do.

    We've all just had an interesting ride for nothing...

    2Reply
  • Jon Holdman
    Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    15y

    I think you're on to something, Mary Ann.

    Anna's original post

    Perhaps these are the same person and same deal and its a real question asking how to screw the investor.

    0Reply
  • Darryl Dahlen
    Commercial Loan Officer · Southern Maine, ME · Member since 2009 · 782 posts · 415 votes
    15y
    Originally posted by Jon Holdman:
    I think you're on to something, Mary Ann.

    Anna's original post

    Perhaps these are the same person and same deal and its a real question asking how to screw the investor.

    As a moderator, do you have the ability to check IP addresses? If so, you can confirm if the two posters are actually one.

    0Reply
  • Jon Holdman
    Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    15y

    No, but Josh can. Same IP.

    0Reply
  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    15y

    These people are one and the same. Yes . . . they share an IP. And now, they are (both) no longer members here.

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    6Reply
  • James Hiddle
    Altus, OK · Member since 2008 · 2k+ posts · 690 votes
    15y

    Buuuuuuuuuuuuuusted :mrgreen:

    0Reply
  • Maryann L.
    Specialist · MA · Member since 2009 · 858 posts · 306 votes
    15y

    awww.. c'mon guys...vote for me. I feel like cyber csi busting this person :D

    12Reply
  • Jimmy C.
    Flipper/Rehabber · Seminole, FL · Member since 2010 · 859 posts · 316 votes
    15y

    One vote for you! Good call

    0Reply
  • Steve Babiak
    Real Estate Investor · Audubon, PA · Member since 2009 · 13k+ posts · 8k+ votes
    15y
    Originally posted by Ralph S.:
    Besides a lesson on not closing until vacant, the only other value of this thread is the birth of a new forum term:

    Babiaking

    Couldn't agree more, Stan. I dunno how he does it.

    I've posted this a while back in another thread when it was asked, and I've PM'd pretty much the same thing a few times as well. It was even taken nearly verbatim by somebody and they posted it on their own blog, and Josh "found" that blog and gave it a nod by posting it in the Bulletins section (until I informed Josh of the origins of that content, that is). Read in this next link:

    http://www.biggerpockets.com/forums/50/topics/12495--quot-subject-to-quot-question-informing-the-lender

    0Reply
  • Account Closed
    Landlord · Seattle, WA · Member since 2010 · 3k+ posts · 1k+ votes
    15y

    This certainly is a great example of why not to allow a short sale homeowner to stay in the home. Not sure if it was a legitimate story, but it illustrates an important point.

    I suspect though if this situation is real that the investor has not yet seen the end of his/her troubles.

    0Reply
  • Lesley J.
    Real Estate Investor · Miami, FL · Member since 2009 · 45 posts · 1 vote
    15y
    Originally posted by flipasap1222:
    Yea I agree, this sounds fake.

    DITTO

    0Reply
  • Curt DavisBusiness Member
    Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
    15y

    Sounds like you need to get out of the home as YOU dont deserve it. If your behind on your bills I suggest you get a job and handle the issue.

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    0Reply
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