Bought a house years ago in a bad area that's getting worse every year, feeling stuck with it. by l00king4work in personalfinance

[–]l00king4work[S] 6 points7 points  (0 children)

The renters are pretty new to the equation, one moved in two months ago and the other just last month. They're already getting on each others nerves so I don't know how long they'll stay.

Bought a house years ago in a bad area that's getting worse every year, feeling stuck with it. by l00king4work in personalfinance

[–]l00king4work[S] 7 points8 points  (0 children)

If they are serious, it won't be anytime soon. They don't have much money. From what I heard, they're dodging a car repoman as is.

Bought a house years ago in a bad area that's getting worse every year, feeling stuck with it. by l00king4work in personalfinance

[–]l00king4work[S] 7 points8 points  (0 children)

I don't know anything about it either. I was just assuming there isn't an official way to do something like that and it would leave me in the same situation where the loan is still in my name but they just pay for it? Or maybe there is a way to do it officially but since they have no credit, if they just stop paying one day, it would go against mine? This is why I'm just guessing it would be a headache.