devotedchristian
DIS Veteran
- Joined
- Oct 16, 2002
- Messages
- 564
DH and I entered into a Lease Purchase with the Option to buy. The lease agreement was from August 05-August 06.
We paid the Sellers $2,800-First and Last Month's Rent.
We also paid the Annual Homeowner's Association Fees of $395 AND we have taken care of all repairs of the house we are in.
Being Ideal Tenants, we have asked them for NOTHING, all they have done is take our monthly payment.
Before we signed the Agreement, the Sellers told us their Mortgage Payment was $1,400 and that was what we would pay with ZERO going towards Closing Costs OR the Purchase Price of the house.
We have paid them On Time...Every Month.
This is the last month of the Agreement and up until 2 months ago, we were seriously trying to close on the house...that is...until we started looking at other houses that were for sale in the subdivison.
We found that some of these houses were going for LESS than what we in...AND included a Full Basement. Our house is a 3bedroom 2 bath Ranch. These houses were the same except for Full Finshed Basements.
AND, the Sellers were contributing 3% of Closing Costs PLUS Allowances, whereas our Sellers were contributing NOTHING.
They refuse to pay an part of the Closing Costs or anything else. They didn't want to talk about Closing Costs when we signed the agreement and we were knowledegable enough to ask about it...we were just so thankful to be in this subdivision...There were NO Agents involved.
2 months later, the wife (Seller) said they REALLY need us to Close in August so they can collect the Proceeds from the Sale of the house...ANd they have been very generous with us by paying $389 per month ALONG with the $1,400 per month we have been giving us.
I said "WHAT??!! So are you saying your actual Mortgage is $1,789 per month...why didn't you tell us before" She said they felt we would'nt be able to make the payment AND they had been paying 2 mortgages for the past 6months and couldn't afford to do it anymore.
So, she and her DH have been putting the pressure on US for the past 2months that we have GOT to close because they need their money and they cannot continue putting $389 per month with our $1,400 per payment.
She said, "We have been more than generous with you guys from Day 1...we cannot carry you any longer"
I said "Well, you should have been honest with us about your REAL mortgage payment...DH and I never knew what you were paying"
So, to sum up, they said:
"This isn't personal, This is business, if you cannot close by the end of August, you will pay the Full Month's Rent of $1,789 AND we are going to put the For Sale sign in the yard and put the house back on the Market. If we receive Buyers and they can close, you and DH will have to go"
That's exactly what they said. Let me back up, DH and I are PreQualified...we were waiting for a couple of things on our credit report to Update so that the scores can be recalculated ($75 per bureau) and I TOLD this *Woman* that we just needed 30 more days as it would be a September Closing.
She said September wasn't good enough, they have 3 kids and they need their money NOW!
So, DH is pissed that we have been the Ideal Tenants to them, have taken care of this house as if it was our own. He said, "We are at the door of closing, their our better deals out there ANYWAY, let's move into an apartment September 1 and let them put the house back in the market"
I told her and she and her DH were Furious! So the husband calls and said "Well, if you guys move, you are going to put us in a VERY bad spot, the mortgage for August has got to paid on that house, when can you pay the Rent of $1800 (includes a late fee)"
I said, "we paid a deposit of $1,400...what about that" He said "You have to be kidding me, Hun, you don't get a deposit back, you didn't close in time"
DH is Angry and says "We ain't giving them NOTHING, they have been looking out for Themselves...We have got to look out for Ourselves."
He says we are not giving them the mortgage for August because they want to use us by having us stay here to pay their Mortgage until someone comes and by the Property and then WE are screwed and have no where to go.
The Seller (the husband) said "Even if the property sold...it's not like you guys would have to move immediately anyway, you would still have like 30 days to vacate." That's what he said.
That's where I need your help, should we pay This Month's Rent?
I worded this all wrong...I see that now.
We paid the Sellers $2,800-First and Last Month's Rent.
We also paid the Annual Homeowner's Association Fees of $395 AND we have taken care of all repairs of the house we are in.
Being Ideal Tenants, we have asked them for NOTHING, all they have done is take our monthly payment.
Before we signed the Agreement, the Sellers told us their Mortgage Payment was $1,400 and that was what we would pay with ZERO going towards Closing Costs OR the Purchase Price of the house.
We have paid them On Time...Every Month.
This is the last month of the Agreement and up until 2 months ago, we were seriously trying to close on the house...that is...until we started looking at other houses that were for sale in the subdivison.
We found that some of these houses were going for LESS than what we in...AND included a Full Basement. Our house is a 3bedroom 2 bath Ranch. These houses were the same except for Full Finshed Basements.
AND, the Sellers were contributing 3% of Closing Costs PLUS Allowances, whereas our Sellers were contributing NOTHING.
They refuse to pay an part of the Closing Costs or anything else. They didn't want to talk about Closing Costs when we signed the agreement and we were knowledegable enough to ask about it...we were just so thankful to be in this subdivision...There were NO Agents involved.
2 months later, the wife (Seller) said they REALLY need us to Close in August so they can collect the Proceeds from the Sale of the house...ANd they have been very generous with us by paying $389 per month ALONG with the $1,400 per month we have been giving us.
I said "WHAT??!! So are you saying your actual Mortgage is $1,789 per month...why didn't you tell us before" She said they felt we would'nt be able to make the payment AND they had been paying 2 mortgages for the past 6months and couldn't afford to do it anymore.
So, she and her DH have been putting the pressure on US for the past 2months that we have GOT to close because they need their money and they cannot continue putting $389 per month with our $1,400 per payment.
She said, "We have been more than generous with you guys from Day 1...we cannot carry you any longer"
I said "Well, you should have been honest with us about your REAL mortgage payment...DH and I never knew what you were paying"
So, to sum up, they said:
"This isn't personal, This is business, if you cannot close by the end of August, you will pay the Full Month's Rent of $1,789 AND we are going to put the For Sale sign in the yard and put the house back on the Market. If we receive Buyers and they can close, you and DH will have to go"
That's exactly what they said. Let me back up, DH and I are PreQualified...we were waiting for a couple of things on our credit report to Update so that the scores can be recalculated ($75 per bureau) and I TOLD this *Woman* that we just needed 30 more days as it would be a September Closing.
She said September wasn't good enough, they have 3 kids and they need their money NOW!
So, DH is pissed that we have been the Ideal Tenants to them, have taken care of this house as if it was our own. He said, "We are at the door of closing, their our better deals out there ANYWAY, let's move into an apartment September 1 and let them put the house back in the market"
I told her and she and her DH were Furious! So the husband calls and said "Well, if you guys move, you are going to put us in a VERY bad spot, the mortgage for August has got to paid on that house, when can you pay the Rent of $1800 (includes a late fee)"
I said, "we paid a deposit of $1,400...what about that" He said "You have to be kidding me, Hun, you don't get a deposit back, you didn't close in time"
DH is Angry and says "We ain't giving them NOTHING, they have been looking out for Themselves...We have got to look out for Ourselves."
He says we are not giving them the mortgage for August because they want to use us by having us stay here to pay their Mortgage until someone comes and by the Property and then WE are screwed and have no where to go.
The Seller (the husband) said "Even if the property sold...it's not like you guys would have to move immediately anyway, you would still have like 30 days to vacate." That's what he said.
That's where I need your help, should we pay This Month's Rent?
I worded this all wrong...I see that now.
