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I didn't find it sad at all. I think everyone knows it's not a good idea to co-sign loans for other people. Family included.
Quote:
Originally Posted by steiconi
I dislike the regimented HOAs that specify which three shades of beige you can choose from. It's awful that people are so unimaginative and worried about what others think that they can't stand variety. Navigating through those neighborhoods is tough because everything looks the same.
This story had nothing to do with the HOA. The son intentionally damaged the house with the sole purpose of driving down the value to spite his father.
This is yet another example why one should not do business with family. I've seen parents cosign loans for adult children with drug/alcohol issues and it wound up making them entitled/dependent. Then those same children go on a tirade because they feel they didn't inherit enough when their parent passed. Yet they received more while they were living than most would inherit period. Money or nice things will not change an addict or alcoholic. They must want to change.
Message to parents with adult children seeking or feeling entitled to this type of generosity. Don't do it no matter how much empathy or sorrow you have for them. You are literally feeding a beast.
For an as-is deal I'm surprised the close wasn't quicker. I'd would want to get a jump on a problem house like this.
For an as-is deal I'm surprised the close wasn't quicker. I'd would want to get a jump on a problem house like this.
The buyer was smart. They had a long close with a damage clause. Any further damage and they would lower the price. The son continued the damage. Price was lowered. The buyer won in the end.
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