The Mud Pit > General

Anyone here from Florida?

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phoenix:
Hey guys, wondering if anyone is from FL and can help me out. To make a long story short, I have a friend in Clearwater who is renting a house that's about to be foreclosed on. They do NOT want to move, and are looking for help/advice. Any ideas? Thanx!
Chris

PaulW:
have them buy it??

rocket:
should be a good deal, probably pay less in mortgage than rent on a forclosure!

PaulW:

--- Quote from: rocket on March 28, 2009, 06:27:18 PM ---should be a good deal, probably pay less in mortgage than rent on a forclosure!

--- End quote ---

how scummy is the landlord that if they're collecting rest on the property, it's still being foreclosed on??  what's he spending the $ on??

phoenix:

--- Quote from: PaulW on March 28, 2009, 07:28:54 PM ---
--- Quote from: rocket on March 28, 2009, 06:27:18 PM ---should be a good deal, probably pay less in mortgage than rent on a forclosure!

--- End quote ---

how scummy is the landlord that if they're collecting rest on the property, it's still being foreclosed on??  what's he spending the $ on??

--- End quote ---
Landlord went "back to the home country". Apparently they were depositing the rent into the account the mortgage got paid from (auto payment) They have been gone 6 months or so already. She said the bank told them this week they do NOT have to pay the rent, I told her to keep putting it aside so they will have it if they need it quick.
As for buying it, there is some "deed restriction" on it so they don't want to buy it.

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