I have to tell someone... finally under contract on a farm! 8 months later, it’s ours!

All of this. Don’t let your father tell you otherwise, they can be wrong - don’t tell mine though, he has been wrong before but man he is a sourpuss about it.

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If you’ve found a title company that will insure it that’s very encouraging. Our real estate lawyer indicated that would be the hurdle on a similar BK involved property we considered buying.

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I don’t have too much stock in my dad’s paranoia; his information came from questionable sources. Apparently he was at a get together (because we can do those again) where there was a realtor and he shared our tale. The realtor was gloom and doom about the situation; I can’t say I blame them if I heard snippets of the story without context!

The title company we have been working with all along hasn’t indicated a problem… but now you have me wondering…

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I would think the title company knows more than the other sources you’ve quoted. Especialy since their job is to make sure they don’t have to pay out!

Realtors’ understandings of this type of process may be limited, since many more homes are sold than bought through bankruptcy.

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odd, I would thought there would be a one to one relationship

Sorry, I wasn’t clear: many more homes are bought and sold outside of bankcruptcy than within bankruptcy.

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Once ….we learned

Title companies are not always accurate and honest with updating titles • no need to ask me how I know ! Our title search was just $ spent- it DID NOT DISCLOSE OLD GAS PIPELINES because the pipelines were never put on the title ! Can you say “Supreme RIP OFF “ !!!

YES … A court case - but the “good old boys” run the area and it was a Kangaroo court…thus * what we won was a lot of legal fees and a fur-lined bathtub !

I hate snakes and realtors and title companies and cream of celery soup.

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@Zu_Zu You’re kidding! What a headache. I’m starting to share all of your hatreds.

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Are there any updates, Texarkana? I hate not knowing the end of a story…

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Thanks for asking @demidq. Not much in terms of updates, just waiting on the bankruptcy court.

Unless you count the good news/bad news about our current rental: good news is we won’t be homeless in 2 weeks. We can stay put until this resolves. Bad news is our rent will increase by a cool 42% until then. :flushed:

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42 PERCENT!! Holy HANNAH. Ugh. Jingles the Bankruptcy Court speeds it up!!

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I had typed this originally and then deleted it:

Tell me you want your tenants gone without saying you want your tenants gone. :rofl:

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I believe the economists are calling the kind of rent increase an economic eviction, appears you are on the forefront of an coming trend …really would be a shock to get that notice.

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I keep adding personal commentary and deleting it, remembering this is a public forum and I wouldn’t want anyone to think I am ungrateful. But yeah, that’s exactly what this is. To be fair, we were getting a deal.

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No KIDDING. That just makes me sick to think about. :nauseated_face:

Even so a 42% increase really would make my heart think about checking out.

There are several properties near us that “were” going to be on the market until the owners realized they could ask and get what I consider pretty outrageous rent… $42,000 per year for a house that was purchased five years ago at $180,000 …nearly a 25% return plus they now get to depreciate the property

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I would be physically ill at that (unless it was a screaming, SCREAMING deal, and the 42 percent takes it to market value?). Still a kick in the gut when you’re already on an emotional ledge. Sorry!

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Wow… that’s just crappy. I don’t think I could come up with another 42% with the way my work has been going for the past 15 months.

The latest projection for settlement is mid August. :sob::face_vomiting:

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:hugs: :hugs: :hugs:

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