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March 10, 2010

House Foreclosures for Renters

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We just got the call from the management company that rents us our house. Turns out that the owner of the house has stopped making payments. It’s actually really nice of him to do this since most people don’t find out about it until the notice is on the door that the house is in foreclosure. Needless to say we have a lot to think about now as we decide how to deal with this news.

The news was pretty unfortunate since we had kind of settled into the idea of just staying there for a while. We thought that rent was a little high, but we didn’t want the cost of moving either. Well, I guess now we don’t have that choice it seems.

Of course, if you look at people’s comments on Twitter and Facebook they feel so bad for us. I don’t feel bad for us. Sure, it’s a bit of an annoyance, but we’ve already lived in 3 houses in Las Vegas, might as well live in a fourth.

Plus, there’s always a silver lining to everything. Maybe we’ll get cash for keys and make some money out of this change. Maybe we can get them to lower our rent since he’s not paying the mortgage now anyway. Maybe the new house we move to will be even better than the one we live in now and with lower rent. Renting is still 100 times better than if we’d bought 3-4 years ago and would now be $100k+ upside down on a mortgage.

Certainly, there’s plenty to complain about, but that’s not me. I prefer to see the good parts of whatever happens. Sometimes it’s hard, but for me it just comes naturally.

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3 responses to "House Foreclosures for Renters"

  1. # crashutah commented on March 10th, 2010:

    Just another quick test of the new commenting system.

  2. # John commented on March 10th, 2010:

    One quick comment to test the posting as a Guest

  3. # John commented on March 10th, 2010:

    One other thing to add.

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