As I mentioned the other day, I had an altercation last week with my Moronic landlord that culminated in the authorities pulling into my driveway.
Listen to what the catalyst was.
This knucklehead has decided that he wants to *short-sell* the house I rent from him.
"You want to sell it?", my wife and I asked, "Sure, we'll work with you..."
Why did we say that - AND allow such an accommodating provision appended to our lease this past summer when we renewed on a month-to-month basis?
Because this guy had a very slim chance of ever executing a short sale. Consider that:
- The house is worth less than half of the total debt.
- Banks are extremely reluctant to realize such large losses.
- People don't want to bid on homes listed as such - mostly because of the uncertainty of pulling it off. My realtor friend in Naples asserts that 9 out of 10 agreed-upon short sales are disallowed by the banks/lenders.
- Who really wants to bid on a house with tenants in it? Not only might they have a hard, lengthy time evicting us....Heck, I could take the appliances with me on the way out; I could take a hammer to the granite countertops; crack some windows; Etc. Who wants such a risk, such a hassle?
- Lastly, the price this clown told us he was going to list at was waaaaaay too high. It was actually above its peak market value in 05/06!!!
So sure, you give us *reasonable notice*....and we'll let you show the house, Moron.
Since the summer, about 10 people have come by. But we never, ever received reasonable notice. The jerk would just show up and bang on the door! The last two instances were enough, and we told him off. We informed him we needed 24 hours notice - merely what state law has defined as *reasonable* as stipulated in our agreement.
But getting back to the altercation...
Last week, scumbag is again banging on my door with his face about an inch from it. We exchanged some brisk words about the last time he tried to show the house and was promptly told off. Then we moved on to a new point of contention.
He told me that he was stepping up his efforts at a short sale (lowering the price?); AND that he wanted to put a *lock box* on our door.
"ABSOLUTELY NOT," I told him. He right away got pissed. I told him we had jewelry and all sorts of valuables....that we couldn't have tons of local realtors having access to the inside of our house, whenever they wanted. I said, "NO, YOU GIVE US 24 HOURS NOTICE, and SO LONG AS WE ARE HERE,....the house can be shown."
He muttered some BS about how *nobody would take anything* before getting irate, accusing me of *playing games*, and then I had enough. I told him the conversation was over; and tried to close the door. He blocked it. I told him to step back and tried to close it again. His arm went out and he stepped into the house...
He was screaming, "IT'S MY HOUSE!"
To which I retorted, "IT'S THE BANK'S HOUSE."
[Note - the guy is a coke-head....and benches 350 lbs!]
Yada, yada, yada....the cops came.
Let me ask y'all a question.
Is it me, or is he out of his FREAKIN' MIND to think he could put a lock box on a rented, occupied house?
The whole story is starting to get surreal.
I mean why the bleep does he want to short-sale this house?
Heck, it could be a year (or more!) before the taxpayer- owned lender repossesses the house. So long as the banks are dragging their feet, he has the potential to rent it out for $2,500 a month INDEFINITELY.
Back when we were on speaking-terms, the clown told me that he preferred to short-sale his homes because it would *help his credit*.
But that's bullcrap. He's already defaulted on several mortgages, property taxes, utility bills, had a bunch of credit cards *turned off*, etc. This deadbeat is eventually going to have all four of his properties foreclosed upon and he thinks there's a chance in hell his credit could be repaired by a single short-sale?
However, I have recently discovered his SCAM reasoning.
It's not enough that he gamed the banks from the get-go - buying off appraisers and stealing millions in cash-out refi's from the most gullible lenders.
And it's not enough that he's now renting out two of his properties, reaping at least $5,500 a month for himself while stiffing the banks (and in all likelihood income-taxing authorities!).
No, he's trying to get them AGAIN on the way out. For these short sales, he's also trying to GET PAID. He's going to give the official listings to a subprime co-conspirator of his in an obvious *kickback ploy*. Even if they sell my house for a cheap 500k, he's thinking that's $25,000 or so to his cohort - plenty enough to be divvied up on the down low.
This is by no means an original scam. All the defaulting, speculating agents in Florida are doing the same - trading distressed, personal, property listings.
I think that at some point, my doofus landlord is going to scrap this plan of his, capitulate to reality, and just walk away. (Heck, I even saw *moving* and *storage* letters in his mail today!)
But in the off-chance that he does somehow orchestrate a distressed transaction for one of
his the bank's homes....at the last minute I'm going to inform the bank of his conspiratorial (standing business) relationship with the broker. If that doesn't convince the bank to disallow a short-sale, it'll probably at least be leverage for them to whittle the sales commission down to nothing.
Haven't heard anything from the guy in almost a week now. The silence is really deafening.
I did my research. Apparently *reasonable notice* is not only 24 hours, it must be written. And a note on the door may not suffice. That means he may, arguably, have to use certified mail if he wants access.
Hardball has always been one of my favorite games!
On another note, one of our *dream houses*, in fact the one we unsuccessfully bid on 2.5 years ago....after eventually selling, I've learned it may be back on the market - a divorce or something. See - Real Estate Autopsy - for that saga of yore.