Foreclosure town

[TerpZone]

This is getting serious people.

It's just NOW getting serious?

[Pokerkitty6]

Holy Crap Ringo! I wish I could help you on this, but I can't. The same thing happened to my neice. They don't give you any time for adjustments. Maybe the bank will work out a deal. Tell them what you have to work with and see what they say, couldn't hurt at this point. I live in a community called Fore Ranch and the town calls it Fore Ranch Foreclosures. We have condos, townhomes, and homes here. Everywhere you look has a for rent/sale sign on it. I hope you still have your cabin. Hang in there, I hope you get some good news.

[freeringo]

Our Cabin is paid for but it is at 6000 feet and we can't live up there in winter and it's 45 miles from town 1/2 dirt roads.
The word I got is that the bank won't get any bidders and will look to evict anyone still in property.
I am going to Property Managers today and negotiate a deal to use my deposit for the next 2 months rent. I will give them a liitle cash to sweeten the deal. Either that or the Owner gets nothing from me and I put my rent into an escrow account and wait for the new owners to contact me. There are other court filings I have read about too.
My main concern is getting leverage on my deposit, now, rather than later.
The new law states that the new owner is responsible to refund the deposit of any tennants. Rumor is, the Banks are renegging on paying it back. I don't want to have to go to small claims to get my money back.
I can win in court and still not get my money. Been there done that.

[Pokerkitty6]

I wish you the best. I think it has been a rough year for all of us!

[freeringo]

I wish you the best. I think it has been a rough year for all of us!

I am not to didtraunt after seeing the local paper today.
It had alot of rental listings in our price range

[markjfixit]

dont know what to tell you. sounds like a mess but all I can say is good luck hope it works out for you and yours!!

[sweetpea]

Have you considered consulting a lawyer about getting your deposit back? That doesn't seem right to lose that money.