Notice of Default

So, Tom ran out and grabbed the mail last night when we got home. He was standing in the kitchen examining one of the letters. It wasn't addressed to us but he could see through it to the letter inside. It was addressed to the owner of the place we're renting right now. He had me go over by him to take a look. When he pressed the envelope so I could see though I saw the big phrase, "Notice of Default." Quality!

I couldn't say I was surprised. A couple of months ago Tom was standing outside and a man from the bank came up to him and asked if he was the owner. Of course he didn't tell Tom anything but it is kind of obvious why he was there (I work for a finance company and we do the same thing).

It's nice to be aware that we might be getting kicked out of the house that we are renting. By the way, we are always on time paying rent so it's not like the owner isn't getting our money.

Luckily, earlier in the day we went with a realtor to look at houses. We found one that we really like and made an offer.

It is 5,200 sq ft, 7 bed, 4 bath. It is bank owned and an absolute steal of a deal! We definitely don't need a house that big but it is the price of a house half the size. We really love that it has a basement. Most houses in the Boise area don't.

Hopefully our offer is accepted but if it isn't, we'll find another great deal.

I love this economy!