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<blockquote data-quote="AppleCori" data-source="post: 655394" data-attributes="member: 16024"><p>For every difficult child buyer, there's a difficult child seller!</p><p></p><p>Like my sweet brother (stepbrother).</p><p></p><p>When they got into some financial troubles (much of it because they gave too much to their two adult, married difficult child daughters and their six grandkids) they 'sold' their house on a kinda rent-to-own contract whereby the new buyers ('friends' of theirs) would assume their loan (which stayed in my brother/wife's name) make the payments, and if they pay it off, it's theirs.</p><p></p><p>60k for a decent 3br, 1ba house, on 10 acres with a pond! What a deal! Not for my brother, of course.</p><p></p><p>And my brother's wife is in FINANCE! Did the contract herself.</p><p></p><p>Then they embarked on a totally unworkable plan to tour the country in an old RV, living only on brother's disability (most of which is already earmarked toward beer and cigs. Beer for him, Cigs for both) With no other source of income or savings.</p><p></p><p>Well, of course, it didn't work out, but the wife found a job quickly (she's really good at her work) has been working, and now the want to go back and get their house back. Except, of course, they can't. Unless the new owners stop making payments. Which they are now counting on.</p><p></p><p>Can't make this stuff up.</p></blockquote><p></p>
[QUOTE="AppleCori, post: 655394, member: 16024"] For every difficult child buyer, there's a difficult child seller! Like my sweet brother (stepbrother). When they got into some financial troubles (much of it because they gave too much to their two adult, married difficult child daughters and their six grandkids) they 'sold' their house on a kinda rent-to-own contract whereby the new buyers ('friends' of theirs) would assume their loan (which stayed in my brother/wife's name) make the payments, and if they pay it off, it's theirs. 60k for a decent 3br, 1ba house, on 10 acres with a pond! What a deal! Not for my brother, of course. And my brother's wife is in FINANCE! Did the contract herself. Then they embarked on a totally unworkable plan to tour the country in an old RV, living only on brother's disability (most of which is already earmarked toward beer and cigs. Beer for him, Cigs for both) With no other source of income or savings. Well, of course, it didn't work out, but the wife found a job quickly (she's really good at her work) has been working, and now the want to go back and get their house back. Except, of course, they can't. Unless the new owners stop making payments. Which they are now counting on. Can't make this stuff up. [/QUOTE]
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