It's Time to Take the Plunge

Just after the first of the year, we began receiving foreclosure notices in the mail and phone calls to our home. Apparently our landlord was in default on his mortgage and there was talk of foreclosure.

We called our landlord and he said he 'was not aware of it'. Hmmm. Okay, so we made him aware of it. He asked that we forward any correspondence that we received in the mail to his home. Which we did. He also asked that, should we receive any further phone calls, we give the caller his number and ask them to call him directly. While we received a slew of mail, we didn't receive any further phone calls. Then, the mail dwindled, too, and after about a month or so, we didn't receive anything further. It was our assumption (there's that awful word!) that everything had been resolved.

Not so.

Last Tuesday when I got home from work, there was a three page document taped to our front door that stated the landlord was truly in default and the house is to be auctioned off on May 7th at the steps of the L.A. County Courthouse. WHAT??

Again I called our landlord and, again, he said he wasn't aware of it. Call me crazy but in my mind that either makes him dumb as a fence post (since we told you about this several MONTHS ago) or dishonest. Kevin's voting for both - and frankly, I agree. Let's face it - he couldn't NOT be aware of the situation. It also strikes me that if he's in default on the property, that means he hasn't paid his mortgage for quite some time -- though we've been paying rent as usual. It makes me wonder just what he's doing with that money...

We've decided it's time to take the plunge. In light of the recent circumstances, we definitely think it's time to go out and begin the search for a home of our own. We'd kind of been holding off until Kevin had his final evaluation to end his work probation. Thankfully, it's just a 6 month probation which ends in mid-May. Things are going wonderfully for him at work, so we've decided that's not a concern any longer. Therefore -- it's time to buy a house!

We've made several contacts to lenders to find the best loan we possibly can. We've got a nice chunk of money saved up as a down payment. All we need now is a good realtor and a pretty little house in a nice, safe area. I can hardly wait to begin the search! I know it will be nerve-racking and will create some stress, but the end result - a home of our own - will definitely be worth it.

Wish us luck. I'll keep you posted!