Hello Reddit,
So I’m in a bit of an odd situation and could use some, advice I suppose. To be honest, I don’t even know if this is an appropriate subreddit, if not feel free to redirect me.
Location: Washington
Names changed for privacy.
Long story shortish, I’ve rented the same house for about 24 years; rent has been super cheap so I’ve never bothered to buy.
The owner of the property (Owner) owns my property as well as that of several other properties including that of some nearby apartments. The apartment complex manager (Beth) also manages my rent and has been a great person all these years.
A few months ago, Owner passed away and left his properties to his kids (Children). The Children, to the best of my understanding, do not wish to bother with property management and have decided to liquidate most or all the properties. It seems that they reasoned to let a lawyer (Attorney) handle all the details with the selling of their properties.
Of course I’m scared about this, but I have saved up enough for a generous down payment on a mortgage, and if the price is right, I should be able to afford to purchase my house! An assessor came to the property and offhandedly valued it in the high 200k to low 300k range. Something I can do, but when contacting the attorney, he was citing around 350k. Not thrilled, but hey in this market… doable. The building itself is practically worthless, but there is some nice acreage.
On may 20th I was served my 90 day eviction notice, understandable as I’m getting details drawn out from my mortgage lender and am waiting for a final inspection of the property.
But here things get weird; I am unsure if I’m being paranoid, or if some shenanigans are afoot.
On May 6th I made my most recent rent payment to Beth. Same as I’ve always paid. Yesterday, get informed by Beth that my check bounced on that day (the 28th)
What? My account is flush for a rent payment; even if it wasn’t, any deficit would roll on to a credit card. Also, a 3-week delay for a check to bounce? That seems unusually long. In my 24 years of living here, I have never once had a check bounce for rent. Never had a check bounce at all in over a decade.
This rent payment I assume would make its way to Attorney. Right as I’m dealing with getting a loan offer. Could Attorney somehow use this against me to not sell?
Even weirder, I was able to contact my bank, and they have no record of any checks being bounced at all. Nothing on their end.
Am I overthinking this? Should I prepare for something? Or is this likely to be a series of errors and perfect timing? I'm sitting here during Memorial Day weekend worried about this.
Thank you for any advice on this issue.
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source https://www.reddit.com/r/RealEstate/comments/no1817/buying_property_check_mysteriously_bounced/
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