I got a letter in the mail last night.

The house I've been living in (and paying rent on time) is in foreclosure. The owner nor the property manager (who collects the rent) told me. I found out from a letter from a collection company addressed to "occupant" (we received two other letters to the husband and to the wife, I presume they say the same thing).


The owner of the place are more than $7k behind in their payments, even though I've never even had a late payment.


Time to find a new place to live!

 

take some stuff from the house if you can and sell it

 

That happen to a good friend a month ago. He is still living there and not paying rent.

 

That sucks Ryan.
Good luck on your house hunt but at least you won't have to worry about the burglar coming back through the window again.

 

Yeah, after the initial shock and frustration of it, I'm kind of excited to be leaving. I don't have plans yet, but living in that room gives me brief periods of anxiety at times.

 

Do not pay any longer!

Check to see if the loan is serviced with Fannie Mae - http://loanlookup.fanniemae.com/loanlookup/

 

sounds like its time for a all out bash party!

 

Why would that matter?

 

http://www.fanniemae.com/homebuyers/...r-renters.html

 

buy the house after the .gov repo's it