So we got this little itty bitty 776 sq ft house we bought in 2001. Worked for PeopleSoft, made good money, needed a tax writeoff and got stock options. Bought the thing for 114K, gut rehab'd it and had the awesome good luck to get the first renter in there for almost eight years. Paid the rent early. If he had a problem, he would tell us and we would fix it. We sent him 50 buck Home Depot gift cards every Christmas. Then we decided to put a new roof and central heat/air on the house in 2010. Finished 9/2010. He called a few weeks later. This sucks = I put in an offer on a bank reo months ago, they just called me up and said they will take the offer. Hell, can't blame him. The sonofabitch sold for 360+ and he got the house for under 100.
So we put the house on the rental market again. Landed a gal there for a year and a half Put in a new kitchen cabinet and painted the exterior. She decided that she needed to bail because finances Fine. The last renter was a guy who was breaking with his girlfriend. 6 months goes by he calls up and says the house got broke into and somebody stole all his gunz! Really?! The address he gave to send his deposit refund was the same address he gave when he moved in. Dude - just say you got back together with your girlfriend and cut the fucking shit - ok?
CitiBank approached last summer and offered us a refi from our 5.875 note to 4.50 under the hamp program. I really did not understand this as we were an investor loan from the start. We bought the property as an investor. Of course, we would take the refi - who wouldn't? We got fucked from start to finish. The payoff amount on the loan was 1400 more than the amount on my monthly statement. When I brought that up to my f'n crackass loan officer in FL, he said that the number would change! LOL!! He also emailed me and said that the moneeys for escrow would transfer. They didn't. The fucker told me to go ahead and make the payment for the next month. If we closed when specified, they would refund the money. Guess what?? No refund.
CitiBank are fucking criminals. I have already told the idiot broker handling our sale - that you better get a number out of them for the payoff and don't be surprised when they up the fucking number a couple of days before closing. And that is when I will blow up the fucking deal.
We are out of the fucking stock market. We are about to get out of the fucking real estate market. Both of these are out to fuck us all. Peace. Out.