All Forum Posts by: Connie Willingham

Thank you for the responses. The security deposit was used for the last months rent as the house was in good shape. I agreed to this because they are family friends. Update. They have put approximately 1/2 the amount of oil required in the tank. I'm waiting to hear what they plan to do about the remainder. @Chad Clanton is there any sort of local investment group I could join? I'm thinking about using some of the equity to possibly buy and rent or flip something in Charlottesville. I also have a townhouse that's underwater that I'd like to refinance.

I bought at the height of the market and lived in it for 4 years, then remarried after the market crashed. We couldn't sell it so we had to rent it for what we could get. The economy is depressed in this small town. No high paying jobs, just fast food or the school system.

I have a rental townhouse assessed at $114,000. Bank loan at $121,000. I'm $200 out of pocket each month to meet the mortgage and it needs a new roof. Wells Fargo owns the loan, but Bank of America services the loan. I have talked with both about lowering the interest rate (currently at 8%). They only talk about refinance or they might be able to help if I get behind in the payments. Are there any other options out there for me in Virginia?

My tenants were supposed to fill the oil tank when they left the property. They did not. Is there a procedure I need to follow before I take them to court?