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Can You Stand ONE MORE thread about the house/mortgage
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<blockquote data-quote="DDD" data-source="post: 558897" data-attributes="member: 35"><p>Thanks for the thoughts and feedback. Klmno I must have worded it incorrectly. He has a lump sum payment owed to him and <strong>all</strong> of the backpay would have to go for the house plus two months of his disability income. Once in the house he would have the PITI for the private mortgage and should get by for normal expenses. there would not be buffer funds and, sigh, I worry that he'll be impulsive etc. </p><p></p><p>Janet the house has CAH that needs to be completely replaced...ducts, handler and all. That will likely be four or five grand <strong>but </strong>Florida winters are bearable so that can be delayed to spring or summer. The house is really big so it won't be cheap to cool or heat. on the other hand it last sold for over twice what we're trying to pull off....unless the Country goes into a full depression, it will be a great way to protect himself from dire straights in the future. You can own a mansion and own a BMW but...you can not accumulate one cent over two thousand with-o notifying the SS office. Weird. Really what that means in this case is that this is his one and only chance to buy a house that is of value.</p><p></p><p>Anyway...I'll let you guys know. I appreciate the support. DDD</p></blockquote><p></p>
[QUOTE="DDD, post: 558897, member: 35"] Thanks for the thoughts and feedback. Klmno I must have worded it incorrectly. He has a lump sum payment owed to him and [B]all[/B] of the backpay would have to go for the house plus two months of his disability income. Once in the house he would have the PITI for the private mortgage and should get by for normal expenses. there would not be buffer funds and, sigh, I worry that he'll be impulsive etc. Janet the house has CAH that needs to be completely replaced...ducts, handler and all. That will likely be four or five grand [B]but [/B]Florida winters are bearable so that can be delayed to spring or summer. The house is really big so it won't be cheap to cool or heat. on the other hand it last sold for over twice what we're trying to pull off....unless the Country goes into a full depression, it will be a great way to protect himself from dire straights in the future. You can own a mansion and own a BMW but...you can not accumulate one cent over two thousand with-o notifying the SS office. Weird. Really what that means in this case is that this is his one and only chance to buy a house that is of value. Anyway...I'll let you guys know. I appreciate the support. DDD [/QUOTE]
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Can You Stand ONE MORE thread about the house/mortgage
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