Just thought I'd pass on a few snippets from a message-board thread my wife discovered yesterday. The original poster gets it going with this:
...I said I wanted to buy this house. So, I opened a low limit credit card to start building my credit so in a couple of years, I would be able to go to the bank and get a loan to pay for the house and two acres. I have three jobs, plus freelance writing stuff, so once I have a credit history, I'll be able to afford the house.
The previous owners agreed to carry the loan, and my parents have been making payments. ...Last month, out of the blue, the owners call and say that their lawyer said we aren't paying enough monthly. They want our payments almost doubled. My parents can't afford that.
But wait — there's more!
They [previous owners] also suggested a company in St. Louis that will finance the house in a year, even for people with bad credit, supposedly. My parents have bad credit... they are filing bankruptcy next month.
Read now and you'll also get:
I don't know what we're going to do. I have $8 in my checkbook, my parents have $12. How are we going to afford a down payment on a house, or even on an apartment? Who will rent a house big enough for 3 adults and 6 kids for the amount we've been paying?
Sure looks promising, doesn't it? I thought so. Original thread is here:Etsy Forums: I Need to Talk