Payment Shock reset?

Home Forums Purchase Program Payment Shock reset?

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  • #76426
    Angeljordan
    Participant

    My landlord is being 100% uncooperative in this process. I no longer have a copy of my lease since I have been in the home for 13 years, he will not send me a copy. He is refusing to return the Verification of Rent. I just had another intake appointment and my MC said she has some info to try to get him to cooperate but if not I would need to seek legal help.

    If needed I am able to stay with a family member until we are able to get into our own home. My question is we already have the 3 months payment shock. If we move in with family, will we need to start our payment shock savings all over again? I know we need to show 6 months of payment shock if we are not paying rent, but will that 6 months start from the time we move in with family or will the 3 months we already have saved still count and we only need to show 3 more months.

    I’m really at a loss at this point with this landlord. I don’t understand why he would choose to not help the situation rather than keep going in this manner, but I have to prepare for everything. I appreciate everyone’s help.

    • This topic was modified 1 month, 2 weeks ago by Angeljordan.
    #76428
    netnuevo
    Participant

    It seems to me that you’ll be fine living with a relative as long as you continue to save the amount you were paying in rent plus your payment shock amount each month.

    #76429
    Nelsont
    Member

    I’d be interested in knowing why your landlord is refusing. I might also verbally suggest to your landlord legal action can be taken.

    #76431
    Angeljordan
    Participant

    @Nelsont the landlord wants to sell the property and wants it vacant. He sent us a lease termination letter in February but since has accepted rent each month from us and at the end of February agreed to let us stay in the property. Each time I have asked him for anything he just comes back with “you need to leave, I’m going to evict you”.

    However I did talk to my MC who said underwriting advised they can use the lease termination letter along with my bank statements showing the rent being paid each month. I have been very upfront about the whole situation both with the landlord and my MC. I would prefer to avoid legal action because of the cost but if necessary I will have no choice I guess.

    • This reply was modified 1 month, 2 weeks ago by Angeljordan.
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