Money, Homeowners and Landlords: The old switcheroo

The old switcheroo

By Anonymous - 09/12/2020 11:09

Today, I was supposed to close on a house. Unfortunately, our lender decided that they couldn't finance us and denied us a loan, after 3 months of us digging up paperwork, saving money, and packing. Now we have to scramble to find a new place, while our insane landlady screams at us. FML

I agree, your life sucks 778

You deserved it 67

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Same thing different taste

By housepoor - 07/07/2009 04:48 - United States

Today, I met with my realtor to close on a house for my boyfriend and me. While waiting for my boyfriend, I got a text message from him saying he was breaking up with me. I had already signed the papers on our house. Now I'm responsible for a mortgage that I can only afford with his help. FML

I agree, your life sucks 59 756

You deserved it 14 214

By buttsmcgee - 22/11/2016 07:05 - United States - Roseburg

Today, we finally got paperwork saying we were approved for a loan to buy a house! The only problem? It's not eligible for the county we live in. FML

I agree, your life sucks 10 074

You deserved it 932

By Username - 01/05/2011 03:16 - United States

Today, the lease on my house ended and I finished moving in with my girlfriend. After everything was moved in, she broke up with me. Hello homelessness. FML

I agree, your life sucks 43 660

You deserved it 4 157

Sue! SUE!

By homelessagain - 18/02/2017 06:00 - United States - Lorain

Today, I found out, through Facebook, that my landlord hadn't been paying the mortgage on the house I'm renting from him. It's going into foreclosure. FML

I agree, your life sucks 6 773

You deserved it 427

By Stevarious - 10/07/2015 15:49 - United States - Sacramento

Today, I was finally starting to relax after a stressful and expensive move, where I had to give up half my belongings and furniture, as well as my cat. All the stress came rushing back as my new landlord told me that he's selling the building and I've got 30 days to vacate. FML

I agree, your life sucks 28 406

You deserved it 2 283

I like what you've done with the place

By Scammed - 05/06/2016 18:26 - Mexico - Mexicali

Today, a week after spending most of my paycheck on a down-payment and rent on a new apartment, I found out the "landlord" I paid was a scammer. Turns out the real owner was away on vacation, and he'd stolen most of her stuff before showing me the place. FML

I agree, your life sucks 15 790

You deserved it 1 391

Late stage capitalism

By Anonymous - 05/05/2023 22:00

Today, our landlord showed up with police and legal paperwork that let him throw us out immediately. Apparently my husband has been ignoring eviction notices for months and having vicious arguments with the landlord. Now we’re homeless and everything we own is in storage. FML

I agree, your life sucks 1 015

You deserved it 183

Just no!

By W…… - 04/09/2021 05:01

Today, after I just bought a house that is pretty good and suits all our needs for space, my in-laws moved in because they ran into financial troubles. Guess who is stuck with all the extra expenditures? FML

I agree, your life sucks 989

You deserved it 94

By bigryngf - 04/08/2009 22:12 - United States

Today, I was on my couch when my landlord walked in. He asked what I was doing there. I responded with the same question. Apparently my roommate forgot to call me and tell me that our lease ended three days ago. I am now standing in the parking lot with all my belongings, and it is raining. FML

I agree, your life sucks 56 312

You deserved it 6 986

Landlords gonna landlord

By Anonymous - 07/11/2021 17:00

Today, after a year of moving to a new country, getting our kids settled into the new education system, and our commutes sorted, our landlord notified us that he needs the house back for his son. There are no similar rentals or properties for sale in the region. We have to start over somewhere else. FML

I agree, your life sucks 1 235

You deserved it 95

Colleenfllorida 9

Thursday 10 December 2020 4:12

This is EXACTLY why I stopped being a mortgage broker. After I had to tell a woman that her and her children were basically homeless on Xmas eve because shed given notice to her landlord and packed everything, was supposed to close on her home in 2 weeks and the lender pulled out for no reason at the last minute. I told her I was quitting too. Not that it made her situation any better, but I at least wanted her to know that that kind of callousness and heartlessness mattered to someone. And yes, I quit the next day.

jfigley 5

Thursday 10 December 2020 19:31

Good for you man. I dont understand that crap, ridiculous...

Comments

Seeya55 31

Wednesday 9 December 2020 14:35

Are you in the US? Usually you're pre-approved for a certain up-to amount (about 3x your salary or more depending on liquid assets/savings). If there's other ways for loans then I'm sorry OP. :(

Chazzster 28

Wednesday 9 December 2020 21:43

OP, I’m sorry and I know that’s bad. Right now you are scrambling to find a place to live. Don’t give up on your dream of home ownership. This is a strange and tough time for everyone now with a pandemic going on. But times will improve. For the longer run, find out what caused the rejection of your loan and work on improving that so that next time it won’t be an issue. Also it’s wise to request pre-approval from a lender before starting the home search so you know exactly what your budget is and that you are highly likely to be approved.