Wednesday, August 20, 2008

Let the house hunting begin!

Most of you know our sad story about our house. If you don't, here are the basics: we were sold and unpermitted house, fradulently. After wasting $2200 a month for this worthless house and after mounting a lawsuit, we have decided to cut our losses and we are preparing for foreclosure. There is still a chance we will win the lawsuit, but there is a big difference between winning and collecting. As a result of this housing debacle we are left in financial ruin. We have been unable to refinance out of our bad mortgage and it has cost us dearly. This, coupled with the loss of our biggest job last October has put us in such a bad situation. We will not be able to buy a house ourselves... but there is a light amidst all this financial darkness: real estate prices are down and my dad and step-mom are going to help us secure something. However, the price of a "normal" house is still out of our reach. So, we are once again looking for the undesirable.... *sigh*

I thought I had found the perfect property for us. It was the best of both worlds - crappy place to live to make Adam happy (inside joke - just kidding, Adam :) and a great area for me. We made an offer on a piece of property that only we are crazy enough to consider. There is so much junk on the property and the dwelling (a single wide trailer) is in need of some serious TLC. Fortunately, Adam has learned a lot about remodeling and we have a dunp truck. The reason we like it is the awesome view, the great neighbors and the location. We could rehab the trailer before we are forced out of our house and then live in it for a number of years before we built the house we want. Then after the house is built, Adam's mom will have a real home to live in (she'll get the trailer). We made an offer and it was rejected. The crazy lady that owns it is out of her mind. We offered less than she wanted but this is a buyers market and there are about $15K in repairs needed for the trailer and about the same in dump fees to remove all the junk. It has been for sale for 3 years now and we are the first offer. I am bummed since I love the area and the neigbors and I liked knowing we would have somewere to go, for cheap. Guess not.... we will keep looking. I should go back up there and take pictures of the junk... it is kind of funny.