even better. if she has to deal with you all the time, and you're offering her cash to move along, she'll have extra motivation.

Is she single? Maybe talk to her bf/husband/life partner as well. see what's up with his or her better half. maybe there's some shit going on
y'all aren't privy too. like she's brewing meff in the basement. [this seems like terrible advice, but i don't think it runs afoul of any legalities]

Ill post the response, when I find it. It was one of those sites, where you pay and an attorney answers your question. The mortgage is through BMO.

I agree, the problem I am having is the wife is a little stubborn.

Terrible renter IMO. When problems arise, she wont allow me to enter to fix the issue, she needs to be home. She is paying about $150 less than the avg property goes for. Very ghetto. Picking up rent, sometimes turns into multiple days. I say this time and date, I show up, and she says ohhh I am not home. She is tearing up my appliances.

She is ghetto, and has a low IQ, how do you think reasoning with her, is going to go?

I believe bankruptcy is an option if it's an investment property.

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Be well

GO BEARS!!!

no way, you got a soulless ginger living in your condo? SomeGuy's right, you're gonna have to burn it down.

Why'd you rent to a ginger in the first place? She have her hair died? they do that. Look for the freckles and suss em out by asking how they like the new
Ed Sheerhan record and if they read Pippy Longstocking as a kid and of course, the money shot,

Wouldn't call it that.

Long story short: Wife bought it before we met. we lived there for a couple years to save for a house. Bought a house, exactly 1yr ago this month. Place is 2x under water.

To be fair that was Leash's idea, I'd have went for breaking in and having this bitches head in with a brick but whatever.

Re-read my description of why I want her out, and it is self explanatory why it isn't a ginger.

You really need to talk to a lawyer about that too. Foreclosure almost certainly is your best option there. The bank would even eventually be the ones dealing with the tenant. Many will give you a free or low cost initial consultation. That could save you huge money in the long run.

The person I know ended up going the foreclosure route after talking with someone. The bank eventually came back to them begging.

Don't feel bad for the banks. They got a lot of money to absorb the pain of that.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

stubborn wife, difficult lady tenant. how's your relationship with your mother?

If I had something Heisenberg wanted to give Gus.....

well, when you're right, you're right, you are an asshole.





j/k. mostly.

I might, the problem is it is not a government backed loan.

I would agree. At least I am pretty!

Brick is right.

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Elections have consequences.

make it one.

Impossible. It is underwater. No way they would allow me to redo it.

I agree

Here is the thing though. The tenant has you in a bad spot because they are granted a huge amounts of rights.

However, you have somewhat similar rights with the bank. You can really make it hard on them and as long as you don't care about your wifes credit score they can't do a whole lot. It helps if she doesn't make a lot of money too.

A quick consulation with a lawyer will be able to give you your options and the consequences of those. It is likely you will find those consequences to be better than basically paying for the condo and never seeing that money again. If it is a situation where the value of the house is so much lower that you are likely never to be able to sell it for what you owe still(unless you keep it for 30 years) then it is often best to walk away.

Think like a greedy corporation here and do what is in your best financial interest. They will try and make you feel like a dirtbag for not holding your end up of the bargain but who cares. When they gave out horrible loans they didn't look at themselves in the mirror and decide to do the "right thing" and fix those.

If anything, you will likely get a good amount of relief from them. They REALLY don't ever want to take complete ownership of the condo. It is pretty much their worst case scenario.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

If you think about it it works out very good. You really have no costs or lawyers to go this route. You are fighting and stressing out over a tenant and condo you likely will never even break even on for a very long time. Unless you two do not like your present home and plan to buy another in 5-7 years you don't even have to care about your credit hit (which is really only hers). If there is some need for credit use your name. If you think you need a car buy it before the foreclosure goes close to final. That will be a very long time.

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Elections have consequences.

PittMike, en passant, makes a good point. How attached are you to the wifey? If this is all in her name....

We just bought a van, so really no big purchase in the near future.

Just make sure in the divorce settlement that she gets the condo and he gets the van.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

LOL

Very, she makes a decent amount of money. YES. After we got married, she went to BMO to change her name, ect. They tried to get me to put my name of account, I was like FUCK NO to the personal banker. My wife asked me why I said that. I said some way or how, my name would magically appear of something. We bank at Chase, btw. Out house, is in both out names, not the condo(her rental property).

Here is the response from the attorney:


Hi,

I'm Lucy, and I'd be happy to answer your questions today. I'm sorry to hear about your situation.

Illinois law allows the lender to get a judgment against you for the difference between the value of the property and the amount due on the loan, plus foreclosure costs. If your wife has PMI on the property, the insurance company could wind up suing her instead, if they pay the difference. Whether they can use that judgment to put a lien on your current home depends on how the new property is titled. If the two of you hold it as "tenants by the entirties," a creditor cannot take the home to pay a judgment against only your wife. Tenants by the entireties is usually the default when a married couple buys a home, but you might want to check your deed, just in case. The bank would be able to put a lien on your home if it's owned as "joint tenants" or "tenants in common." You can view the deed at the county recorder's office if you need to.

Note that a judgment could be used to garnish your wife's income if she has a steady job, and to seize funds housed in ANY non-retirement bank account with her name on it, so if you have a joint account, the bank might be able to attach your assets that way. That is legal, because joint owners of a bank account have access to all the money in there, regardless of who deposited it.

If you have any questions or concerns about my response, please reply WITHOUT RATING. It's important that you are 100% satisfied with my courtesy and professionalism. Otherwise, please rate my service positively so I am paid for the time I spend answering questions. If you are on a mobile device, you may need to scroll to the right. There is no charge for follow-up questions. Thank you.

Also count on when she does leave she probably trashes the place on her way out. Happen to both my brother and my friend with renters who wouldn't leave/pay.

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Ohhh, she has played this game before. It is 100% new to me. Really never wanted to enter it.

Spoke with an eviction attorney today. She seems confident in the judge that we will see, that this will be a fairly fast and easy process.

how does one go about getting a non government backed loan big enough to buy a house?

the renter is a terrible person... i'm sorry you have to go through crap like this.