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Old 04-04-2012, 01:54 PM
 
2,068 posts, read 4,338,323 times
Reputation: 1992

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Found out a friend is in financial trouble... well maybe.

I was on a local MLS site pricing out some rental properties I'm interested in when I saw his home for sale... a foreclosure sale.

He hasn't said anything to me and I just spoke to him yesterday. I'm a little concerned but at the same time these personal matters or usually best spoken on when the person in trouble is ready to come out and speak on it.

For all I know it could be one of those calculated foreclosures and he knows what he's doing...

So whatcha think ask... or wait for the help me move my stuff phone call?
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Old 04-04-2012, 01:55 PM
 
Location: Texas
391 posts, read 688,265 times
Reputation: 499
If the friend wants you to know... they will share it with you.
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Old 04-04-2012, 01:57 PM
 
10,179 posts, read 11,167,649 times
Reputation: 20929
If they want you to know - they'd say something..
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Old 04-04-2012, 02:06 PM
 
Location: Long Island, NY
7,841 posts, read 13,239,564 times
Reputation: 9247
A foreclosure is a huge thing in a person's life, as well as finance problems all together. That's something very personal. Don't ask. If they want to vent and share with you then that's different but if you know of something, don't ask. Just seems intrusive imo.
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Old 04-04-2012, 02:09 PM
 
Location: NY
9,130 posts, read 20,018,788 times
Reputation: 11707
I agree, leave it alone.

If the friend wanted to discuss this, they would have brought it up.
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Old 04-04-2012, 02:38 PM
 
Location: Florida
2,336 posts, read 7,031,559 times
Reputation: 2304
Is this friend known to take pretty good care of his house and property? If so, it could be a great deal. You're already in the market for a rental property. Make him an offer.
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Old 04-04-2012, 02:55 PM
 
13,511 posts, read 19,287,554 times
Reputation: 16581
Pimpys got the right idea....could be an easy out for him, and an easy in for you.
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Old 04-04-2012, 03:11 PM
 
Location: Manhattan
1,871 posts, read 4,267,807 times
Reputation: 2937
If it were a very close friend I would ask. If not, leave it alone.
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Old 04-04-2012, 03:50 PM
 
Location: Kentucky Girl
428 posts, read 900,726 times
Reputation: 428
Depends on how close a friend... But regardless tread lightly people get funny about there finances and he could be just embarrssed...
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Old 04-06-2012, 08:39 AM
 
Location: Falls Church, VA
748 posts, read 1,314,584 times
Reputation: 429
I think the only reason I would bring it up, is IF I was able to help... clearly in this case, the help would have to be financial, and maybe considerable. So, unless you can make a difference in his situation, don't add to his stress by asking what is really none of your business... JMHO...

Last edited by valeeighty2; 04-06-2012 at 09:57 AM..
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